Operating income came under pressure with increasing costs to support Persona’s growing Internet business and declines in its telecom business, the company said yesterday.<\/P><\/p>\n
Net income fell to $171,000, or 1 cent per share, in the three months ended May 31, down from $1.7 million, or 10 cents a share, in the same period of 2002. Revenue grew 58 per cent to $41.3 million in the third quarter from $26.2 million a year earlier.<\/P><\/p>\n
Much of the increased revenue came from the acquisition of Cable Bahamas, completed Sept. 1, which contributed $15 million of revenue.<\/P><\/p>\n
Third-quarter revenue from Persona’s Canadian operations was flat, compared with the previous year, at $26.5 million. A 3 per cent rise in cable revenue was offset by declines in telecom revenue.<\/P><\/p>\n
Caribbean results measured in U.S. dollars continue to be strong.<\/P><\/p>\n
Source: Toronto Star<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
Cable-and-telecom company Persona Inc. said its third-quarter profit fell 90 per cent despite substantially increased revenue after last year’s acquisition of a controlling stake in Cable Bahamas.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-242434","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=242434"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/242434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=242434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=242434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=242434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}