News Column

BRIEF: Broadband, video revenue boost Hawaiian Telcom's earnings

May 7, 2014

The Honolulu Star-Advertiser



May 07--Hawaiian Telcom boosted its earnings by 33 percent in the first quarter of this year, helped by an increase in revenue from its video and high-speed internet services, the company reported Wednesday.

Net income grew to $2.4 million, or 21 cents a share from January-through-March compared with $1.8 million, or 17 cents a share from the same period a year earlier.

Overall revenue grew by $1.1 million to $97.1 million from a year earlier. Consumer revenue increased by 3.4 percent to $35.8 million, led by a gains of $2.6 million and $900,000 in high-speed internet and video respectively.

"Our first quarter performance demonstrates a solid start to the year, highlighted by continued expansion of our next-generation fiber network and growth in Hawaiian Telcom TV subscribers," said Eric Yeaman, Hawaiian Telcom's president and chief executive officer.

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Source: Honolulu Star-Advertiser (HI)


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