Rye, NY – October 18, 2016 – LICT Corporation (“LICT”; OTC Pink®: LICT) reports results for the third quarter ended September 30, 2016.
THIRD QUARTER RESULTS – Overall 2016’s third quarter revenues rose 6.3% over 2015’s, to $22.9 million due to an over 11% gain in non-regulated revenues, $10.7 million from the prior year’s $9.7 million. This was traceable to increased broadband and competitive local exchange carrier (“CLEC”) revenues. Revenues from our regulated operations grew $0.3 million to $12.2 million from $11.9 million for the prior year’s quarter, reflecting higher interstate revenues at our Utah operations and higher intrastate revenues at our New Mexico operations, offset by lower regulated revenues at our Michigan and Kansas operations.
Continue reading LICT Corporation Reports Third Quarter 2016 Results and Notes Increased Outlook For Full Year Results Before $30.48 Per Share Of Charitable Contributions