One Communications Ltd. Announces Audited Consolidated Earnings Results for the Period from May 3, 2016 to December 31, 2016
One Communications Ltd. announced audited consolidated earnings results for the period from May 3, 2016 to December 31, 2016. For the period, net income was $2.1 million. Earnings before interest, depreciation, amortization and one time charges for the period were $21.1 million. Consolidated revenue for the period was $86.0 million. Comprehensive income was $2.9 million which includes a $0.8 million gain on the market value of equity securities. Operating income for the period was $4.4 million which includes one-time charges of $6.0 million. Operating income adjusted for these one-time charges would have been $10.4 million for the eight month period. Earnings per share for continuing operations for the period ending December 31, 2016 were $0.05 per share.