Operating income, EBITDA grow at Telehop

TORONTO – Telehop is back in the black after recording second quarter results that are EBITDA and operating income positive. The long distance provider said net income for the period ended June 30 was $15,312, compared to a $149,901 loss year-over-year. EBITDA increased to $27,149 from negative $141,760, while operating income was $5,210 versus an operating loss of $178,929 during the same period last year. Revenues dropped 9.9% to $2.4 million from $2.7 million last year driven by declines mainly in lower margin and credit challenged wholesale services, while retail revenues declined 4.4% as a result of increased credit requirements for new customers...