Consolidated Communications sees $9.3 million profit

Consolidated Communications sees $9.3 million profit

MATTOON — Consolidated Communications Holdings reported second-quarter net income of $9.3 million, up from $2.9 million from the same quarter a year ago.

That translated to earnings of 22 cents per share, up from 9 cents a year ago, once the effect of discontinued operations was considered.

Company CEO Bob Currey said the company has exceeded its targets for the first year of consolidation following the merger with SureWest Communications.

"We set out to build a stronger, more competitive company, and that is precisely what we have done," Currey said in a Consolidated release.

As of June 30, data and video connections in the second quarter were up by 3.6 percent and 6.1 percent, respectively, while voice connections were down about 5 percent.

During the second quarter, data, video and Internet services accounted for nearly 45 percent of the company's total revenues, up from about 40 percent a year earlier.

Consolidated Communications operates in Illinois, Texas, Pennsylvania, California, Kansas and Missouri.

Its services include local and long-distance service, directory publishing, carrier access and high-speed Internet, as well as Internet Protocol-based digital and high-definition television.

Sections (2):News, Business
Topics (1):Economy

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