The company has posted operating revenues of $6.24 million for the third quarter of 2008, compared to operating revenues of $6.13 million in the same period of 2007.
According to the report, the company has reported net income of $4.01 or $0.75 per share for the first nine months of 2008, compared to a net income of $3.63 million or $0.68 per share for the corresponding period of 2007. Operating revenues for the first nine months of 2008 decreased to $17.26 million, from $17.9 million in the comparable period of 2007. Similarly, operating expenses decreased 1% from $6,280 to $6,205 for the three months ended September 30, 2008 as compared to the same period in 2007 and decreased 3% from $18,905 to $18,349 for the nine months ended September 30, 2008 as compared to the same period in the prior year.
Duane Albro, president and CEO, said: While our challenge continues to be maintaining and growing revenues in a competitive local exchange carrier environment, we are proud of our operating profit during the third quarter.”
WVT Communications is a leading voice, Internet, video and wireless provider servicing consumers and businesses in the lower Hudson Valley of New York and New Jersey.
