Rye, NY – November 25, 2013 – LICT Corporation (“LICT”; Pink Sheets®: LICT) today announced its third quarter 2013 earnings. See attachment A.
THIRD QUARTER RESULTS –During the third quarter of 2013, our revenues were $24.2 million, essentially the same as the 2012 third quarter. EBITDA before corporate costs was $9.2 million versus $10.1 million, or down by $0.9 million as compared to 2012. This was due primarily to lower cash distributions from our equity affiliates of $426,000, from $679,000 to $253,000, and to lower earnings from operations.
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