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Article: HBCO Third Quarter Revenues Up 92 Percent
- Article from:
- PR Newswire
- Article date:
- November 18, 1997
CopyrightCOPYRIGHT 1997 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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NEW YORK, Nov. 18 /PRNewswire/ -- Hungarian Broadcasting Corp., (Nasdaq SmallCap: HBCO) announced through its Chairman, Peter E. Klenner, that third quarter revenues rose 92% to $679,645.
Revenues for the quarter ended September 30, 1997 increased $326,330, or 92%, to $679,645 from $353,315 in the quarter ended September 30, 1996. Net loss was $758,151, or $(0.28) per share, compared to a net loss of $1,096,529, or $(0.42) per share, for the prior year's third quarter.
Revenues for the nine months ended September 30, 1997 increased $1,754,752, or 273%, to $2,396,504 from $641,752 for the nine months ended September 30, 1996. Net loss was ...