Saga Communications (SGA) Reports Q2 EPS of $0.82
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Saga Communications, Inc. Reports 2nd Quarter 2016 Results
August 4, 2016 9:00 AM EDTGROSSE POINTE FARMS, Mich., Aug. 4, 2016 /PRNewswire/ -- Saga Communications, Inc. (NYSE MKT SGA) today reported net revenue increased 6.1% to $36.4 million for the quarter ended June 30, 2016. Free cash flow increased 15.6% to $6.5 million. Operating Income increased 12.6% to $8.4 million. Station operating expense increased 4.6% to $25.4 million (station operating expense includes depreciation and amortization attributable to the stations). Same Station net revenue increased 0.8% to $34.2 million and same station operating expense was flat at $24.0 million.  Net income for the period was $4.8 million ($0.82 per fully diluted share compared to $0.77 for the same period last year).Â
Net Revenue increased 9.1% to $69.2 million for the six months... More
