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April 13, 2009

Centennial Q3 net income up

Company expects consolidated AOI from continuing operations between $400 m and $415 m for fiscal 2009, excluding stock-based compensation expense

By CBR Staff Writer

US-based Centennial Communications, a wireless and broadband telecommunications service provider, has reported a net income of $19.38 million, or $0.18 per diluted share, for the fiscal third quarter of 2009, as compared to a net income of $5.42 million, or $0.05 per diluted share, in the fiscal third quarter of 2008.

Centennial reported consolidated revenue of $262.73 million for the third quarter of fiscal 2009, compared to $251.15 million in the same quarter of fiscal 2008.

For the first nine months of fiscal 2009, the company posted revenues of $789.83 million, compared to $742.69 million in the same period of fiscal 2008. The company posted a net income of $30.16 million, or $0.28 per share, for the third quarter of fiscal 2009, compared to a net income of $12.10 million, or $0.11 per share, in the comparable period of fiscal 2008.

According to the company, in case of U.S. wireless operations, average revenue per user (ARPU) was $74 during the fiscal third quarter, a 6 percent year-over-year increase.  ARPU included approximately $8.12 of data revenue per user, which grew 49 percent from the year-ago period.

The company said that AOI was $59.3 million, a 17 percent year-over-year increase, representing an AOI margin of 40 percent.  AOI benefited from growth in retail revenue and a decrease in advertising expenses.

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