Centennial Cellular announces year-end and fourth quarter results.NEW CANAAN New Canaan (kā`nən), town (1990 pop. 17,864), Fairfield co., SW Conn.; settled c.1700, inc. 1801. It is mainly a residential town and suburb of nearby New York City. Silvermine Guild Arts Center is located there. , Conn.--(BUSINESS WIRE)--August 22, 1995--Centennial Cellular announced results of the year and quarter ending May 31, 1995 today. Revenue from cellular telephone services for the year was $82,651,000 up $27,360,000 or 50% over the $55,291,000 in the year ended May 31, 1994. Revenue from interest income for the year ended May 31, 1995 was $2,768,000 as compared to $1,082,000 for the year ended May 31, 1994. As a result, total revenue for the year ended May 31, 1995 was $85,419,000 up $29,046,000 or 52% over the $56,373,000 in the year ended May 31, 1994. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. before depreciation and amortization for the year ended May 31, 1995 was $37,212,000, an increase of $12,050,000 over the $25,162,000 recorded for the year ended May 31, 1994. Interest expense for the year ended May 31, 1995 was $23,357,000 as compared to $21,040,000 for the year ended May 31, 1994, an increase of 11%. The net loss for the year was $32,730,000 or ($1.93) per share compared to a loss of $27,784,000 or ($3.28) per share for the year ended May 31, 1994. Revenue from cellular telephone service for the quarter ended May 31, 1995 was $23,679,000, an increase of $8,256,000 or 54% over the $15,423,000 for the quarter ended May 31, 1994. Revenue from interest income for the quarter ended May 31, 1995 was $776,000 as compared to $340,000 in the quarter ended May 31, 1994. Operating income before depreciation and amortization for the quarter ended May 31, 1995 was $12,018,000, an increase of $4,299,000 or 56% over the $7,719,000 for the quarter ended May 31, 1994. Interest expense for the three months ended May 31, 1995 was $6,410,000 as compared to $5,615,000 for the year ended May 31, 1994. The net loss for the quarter ended May 31, 1994 was $5,928,000, or ($.35) per share as compared to a three month loss of $8,254,000 or ($.89) per share at May 31, 1994. Centennial Cellular ended the fiscal year 1995 with approximately 170,000 subscribers, including its proportional proportional values expressed as a proportion of the total number of values in a series. proportional dwarf the patient is a miniature without disproportionate reductions or enlargements of body parts. interest in minority investments in limited partnerships, as compared to 107,000 subscribers at May 31, 1994, an increase of 59%. In the systems it owns and manages Centennial ended the fiscal year with approximately 112,530 subscribers as compared to approximately 64,580 at May 31, 1994, an increase of 74%. Centennial Cellular Corp. acquires, operates, and invests in cellular telephone systems throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company's current wireless telephone interests represent a population of approximately 9.7 million. Approximately 5.0 million of this population is represented by interests in systems the company owns (either 100% or a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail ) and manages, serving 28 markets in three geographic areas. The company was recently the winning bidder for one of two MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. licenses to provide "PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. " service in the Commonwealth of Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the U.S. Virgin Islands, representing approximately 3.6 million pops. Approximately 1.1 million of the population represents minority investments in limited partnerships owning cellular telephone systems which primarily serve the Sacramento Valley The Sacramento Valley is the portion of the California Central Valley that lies to the north of the San Joaquin-Sacramento Delta in the U.S. state of California. It encompasses all or parts of ten counties. and the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . The company also owns and operates paging, specialized mobile radio See SMR. , and conventional mobile telephone businesses in two markets in which it has cellular telephone systems. -0-
CENTENNIAL CELLULAR CORP.
1995 Quarter 1994 Quarter
Ending 5/31/95 Ending 5/31/94 % CHANGE
Revenue from Cellular Telephone Services $23,679,000 $15,423,000 54% Interest Income 776,000 340,000 128% Total Revenue 24,455,000 15,763,000 55% Operating Income Before Deprec. & Amortization 12,018,000 7,719,000 56% Operating Loss (6,977,000) (7,375,000) (5%) Interest Expense 6,410,000 5,615,000 14% Net Loss (5,928,000) (8,254,000) (28%) Net Loss (Share) (.35) (.89) Avg. Number of Shares Outstanding 26,245,000 12,628,000 -0-
CENTENNIAL CELLULAR CORPORATION
Fiscal Year Fiscal Year %Change
Ended 5/31/95 Ended 5/31/94
Revenue from Cellular $82,651,000 $55,291,000 50% Telephone Service Interest Income 2,768,000 1,082,000 156% Total Revenue 85,419,000 56,373,000 52% Operating Income Before Deprec. & Amortization 37,212,000 25,162,000 48% Operating Loss (28,430,000) (22,490,000) (26%) Interest Expense 23,357,000 21,040,000 11% Net Loss (32,730,000) (27,784,000) 18% Net Loss (Share) (1.93) (3.28) Average Number of Shares Outstanding 23,544,000 12,033,000 -0- CONTACT: Centennial Cellular Corporation Scott Schneider Schnei·der , Vreni Born 1964. Swiss alpine skier. She won the overall World Cup in 1989, 1994, and 1995, was a four-time world champion, and earned five Olympic medals. , 203/972-2000 or W.M. Kraus Kraus (German for curly) is a common surname. Some people with this name include:
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