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Article: JONES SPACELINK REPORTS 1993 RESULTS
- Article from:
- PR Newswire
- Article date:
- September 3, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENGLEWOOD, Colo., Sept. 3 /PRNewswire/ -- Jones Spacelink Ltd. (NASDAQ-NMS: SPLKA) and its consolidated subsidiaries, including Jones Intercable Inc., (NASDAQ-NMS: JOIN and JOINA) today reported an increase in revenues from subscriber service fees and management fees of $20.8 million, or 17 percent, for the year ended May 31, 1993 as compared to the prior fiscal year. Total revenues for fiscal 1993 decreased $4.1 million from $158.7 million reported in fiscal 1992 to $154.6 million reported in fiscal 1993. The decrease was due to the recognition of a $26.8 million liquidation distribution by Jones Intercable in fiscal 1992. No such distribution was recognized during fiscal ...