Q1 revenues at Newcap bounce back to black

DARTMOUTH – Newfoundland Capital Corporation saw its first quarter revenues climb 25% which it credited to its new stations in the Toronto and Vancouver radio markets.For the period ended March 31, 2015, the radio broadcaster posted revenues of $35.5 million, up from $28.5 million year-over-year, while earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 56% from $4.5 million to $7.1 million.Profit for the period was $2.5 million compared to a $3.2 million loss in the same period last year. The loss last year was a result of recognizing costs of $8.4 million in the first quarter of 2014 related to...