Saga Communications (SGA) Reports Q1 EPS of $0.52
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Saga Communications, Inc. Reports 1st Quarter 2016 Results
May 5, 2016 9:02 AM EDTGROSSE POINTE FARMS, Mich., May 5, 2016 /PRNewswire/ -- Saga Communications, Inc. (NYSE MKT: SGA) today reported free cash flow increased 35.4% to $4.9 million for the quarter ended March 31, 2016. Net revenue increased 12.7% to $32.8 million. Operating Income increased 40.1% to $5.3 million. Station operating expense increased 8.4% to $24.7 million (station operating expense includes depreciation and amortization attributable to the stations). Same Station net revenue increased 7.0% to $31.0 million and same station operating expense increased 3.0% to $23.2 million. Â Net income for the period was $3.0 million ($0.52 per fully diluted share compared to $0.36 for the same period last year).Â
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