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Acquisitions boost Q2 profits at radio station operator Nfld. Capital Corp.

August 13, 2014

The Canadian Press

DARTMOUTH, N.S. - Radio station operator Newfoundland Capital Corp. Ltd. (TSX:NCC.A) has reported a 26 per cent increase in second-quarter profit amid an almost 20 per cent boost in revenue as a result of station acquisitions in Toronto and Vancouver. The Nova Scotia-based company, which has 95 radio licences across the country, says quarterly net earnings were $7.5 million or 26 cents per diluted share, up from almost $6 million or 20 cents per diluted share in the comparable 2013 period. Revenue in the three months ended June 30 was $42.3 million, up from $35.4 million in the prior-year period.

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Source: Canadian Press DataFile

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