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Article: Radio Unica Communications Corp. Announces First Quarter Results; Revenues Increase 45% for First Quarter, Radio Revenues Up 18%.
- Article from:
- PR Newswire
- Article date:
- May 13, 2002
CopyrightCOPYRIGHT 2002 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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First Quarter EBITDA Loss Improves by 45%
MIAMI, May 13 /PRNewswire-FirstCall/ -- Radio Unica Communications Corp. , the nation's only Spanish language radio network, today announced financial results for the first quarter ended March 31, 2002.
Revenue for the first quarter ended March 31, 2002 increased by 45% to $8.2 million from $5.6 million in the same period of last year. Revenue relating to the radio broadcasting business increased by 18% to $6.7 million from $5.6 million in the same period of 2001.
EBITDA before stock option compensation expense (defined as loss from operations plus depreciation and amortization and stock option ...