The Tribune

CABLE Bahamas Limited reported that revenue for its second quarter reached $28.4 million and year-to-date was $56.3 million.

In its results for the quarter ended June 30, 2012, the BISX-listed Triple Play provider reported that earnings before interest, taxes, depreciation and amortization was $12.3 million for the quarter and $24.5 year-to-date.

Revenue for the three months ended June 30, 2012, were $28.4 million compared to $24.6 million for the same period in 2011.

Revenue for the six the six months ended June 30, 2012 was $56.3 million compared to $47.1 million for the same period in 2011.

The company reported an operating income of $7.8 million for the three months ended June 30, 2012, compared to $6 million for the same period in 2011.

Operating income for the six months ended June 30, 2012 was $415.6 million compared to $12.2 million during the same period in 2012.

The Board of Directors have approved an increase in ordinary dividends per share to $0.10, beginning with the third quarter dividends to be paid on September 28, 2012 to shareholders of record as of September 15,2012.

Founded in 1994, CBL currently has annual revenues in excess of $100 million and is a wholly owned Bahamian company with a diverse cross section of over 2,000 Bahamian shareholding entities.

In October 2009, CBL received a 15 year licence from the Utilities Regulation and Competition Authority (URCA) that allows it to provide any type of network communications services inclusive of voice, data and video services.

In May 2011, CBL acquired SRG/Indigo to become the first Triple Play provider.