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Article: Knology Reports Solid First Quarter 2008 Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- May 12, 2008
CopyrightCOPYRIGHT 2008 Business Wire. 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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WEST POINT, Ga. -- Knology, Inc. (Nasdaq: KNOL):
* Revenue increased to $101.3 million for the first quarter 2008, representing a 46.8% increase compared to the same period one year ago.
* EBITDA, as adjusted, increased to $33.2 million for the first quarter 2008, representing an increase of 71.6% compared to the same period in 2007.
* Achieved EBITDA margin of 32.7% for the first quarter 2008, representing a significant increase compared to 28.0% in the same period in 2007.
* Closed the $75 million tuck-in acquisition of Graceba on January 4, 2008, adding a strategic, secondary and tertiary asset to the company's concentrated ...