Newcap's 'organic' revenue increases helps boost Q2 profit 59%

DARTMOUTH, NS – Radio broadcaster Newfoundland Capital Corp. almost tripled its net profit to almost $6 million in the second quarter over the previous three months, driven by what the company calls “organic” increases in revenue. Revenue for the second quarter was $35.8 million, an increase of $1.5 million or 4% higher than last year. Year-to-date revenue of $64.9 million was $3.1 million or 5% higher than 2012. EBITDA was at $10.3 million, which was $1.1 million or 12% higher compared to the same period in 2012. Year-to-date EBITDA of $15.5 million was $1.6 million or 11% higher than YTD2012. In...