TCA CABLE TV ANNOUNCES FISCAL YEAR RESULTS
TCA CABLE TV ANNOUNCES FISCAL YEAR RESULTS TYLER, Texas, Jan. 3 /PRNewswire/ -- TCA Cable TV, Inc.
(NASDAQ-NMS: TCAT), today announced results for the fiscal year and fourth quarter ended Oct. 31, 1991.
For the fiscal year, revenues were $127,090,000, up 12 percent over the 1990 revenue of $113,738,000, and operating income before depreciation of $65,382,000 was up 8 percent over the 1990 operating income before depreciation of $60,683,000. Net income was up 79 percent over 1990 to $8,493,000 or $.35 per share, as compared to $4,755,000 or $.20 per share in 1990. Revenues for the quarter ended Oct. 31, 1991 of $32,765,000 were up 9 percent over the 1990 revenue of $29,979,000, and operating income before depreciation of $16,407,000 was up 3 percent over the 1990 operating income before depreciation of $15,902,000. Net income was $2,325,000 or $.10 per share, as compared to $1,568,000 or $.07 per share in 1990. TCA Cable TV, Inc. is engaged in the development and operation of cable television systems in Texas, Louisiana, Arkansas, New Mexico, Mississippi and Idaho. The company owns or manages 53 systems with approximately 425,000 subscribers. The company currently has 24,517,332 shares of commmon stock outstanding. -0- 1/3/92 /CONTACT: Jimmie F. Taylor of TCA Cable TV, 903-595-3701/ (TCAT) CO: TCA Cable TV, Inc. ST: Texas IN: ENT SU: ERN SH -- NY039 -- 6564 01/03/92 15:58 EST
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|Date:||Jan 3, 1992|
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