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Article: Roseville Communications Company Reports Best Year Ever.
- Article from:
- PR Newswire
- Article date:
- February 24, 1999
CopyrightCOPYRIGHT 1999 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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ROSEVILLE, Calif., Feb. 24 /PRNewswire/ -- Roseville Communications Company ("RCC") (OTC Bulletin Board: RVCL) announced record operating results for 1998. The Company said its results were driven by double-digit growth rates in operating revenue and operating income. Net income increased to a record $25.0 million or $1.58 per share for 1998 compared to $23.0 million or $1.45 per share for the same period in 1997.
Highlights for 1998 include:
* Operating revenues increased to $126.7 million, a gain of $11.8 million, or 10 percent, over the same period in 1997. Operating revenue from Roseville Telephone Company, the principal operating subsidiary of RCC, ...