Newcap have reported third-quarter revenue rising 12% to C$31.9 million, attributed to same-station revenue growth. Profit jumped 48% to C$4.3 million. The broadcasting division saw a 12% revenue increase to C$30.6 million, led by the Ottawa and Sudbury clusters.
“Double-digit revenue growth continued into the third quarter. This has translated into significant increases in EBITDA”, said President/CEO Rob Steele “Maximizing audience share combined with a great sales effort have been the drivers of these results and we expect positive performance to continue into the fourth quarter.”