Cable / Telecom News

Amtelecom has carbon-copy quarter

AYLMER, ON - Amtelecom Income Fund, whose primary asset is cable and telco Amtelecom Communications, reported second quarter results which were near exactly the same as last year’s Q2. For the second quarter of 2005, ended June 30th, 2005, the Fund generated total revenues of $6.1 million, earnings before interest, taxes and amortization (EBITDA) of $2.9 million and net earnings of $1.3 million ($0.22 per unit). Last year’s Q2 was almost identical as revenues were $6.1 million, EBITDA was $2.9 million and net earnings came in at $1.1 million. For the six month period ending June 30, 2005, the Fund...