Saga Communications (SGA) Tops Q2 EPS by 6c
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Saga Communications, Inc. Reports 2nd Quarter 2015 Results
August 4, 2015 9:00 AM EDTGROSSE POINTE FARMS, Mich., Aug. 4, 2015 /PRNewswire/ -- Saga Communications, Inc. (NYSE MKT: SGA) today reported net revenue increased 1.6% to $34.4 million for the quarter ended June 30, 2015. Free cash flow decreased $281 thousand to $5.7 million. Station operating expense increased $812 thousand to $24.3 million (station operating expense includes depreciation and amortization attributable to the stations). Operating income was $7.5 million. Net income for the period was $4.5 million ($0.77 per fully diluted share).Â
Net revenue increased 0.3% to $63.4 million for the year ended June 30, 2015. Free cash flow decreased $105 thousand to $9.2 million. Station operating expense increased $630 thousand to $47.1 million (station operating expense includes... More
