DARTMOUTH, N.S. – Newfoundland Capital Corp. reported a 6% increase in revenue and more than doubled its profit in its first quarter of 2013 compared to the same period last year. Revenue in Newcap’s first quarter, which ended March 31, 2013, was $29.1 million, an increase of $1.6 million over the same period last year. The company attributed the growth to its existing radio stations. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the first quarter was $5.16 million, which was 9% higher than the first quarter of 2012. Profit for the period was $2.1 million as compared to...
