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GCI quarterly revenue better than last year

Posted: Thursday, May 08, 2003

ANCHORAGE (AP) General Communication Inc. reported its first-quarter revenue rose 5 percent, gaining profits of $2.6 million over the $2.2 million earned during the same period last year

The Anchorage-based telecom and cable TV company's revenue for the quarter rose to $92.8 million, led by strong gains in its local phone and Internet service businesses.

The company, which competes in the local phone business primarily against Alaska Communications Systems, said revenue from local phone service rose 15 percent to $8.4 million compared with the first quarter of 2002.

GCI's long-distance business was the largest source of its first-quarter revenue, totaling $56.3 million, about the same as during the same quarter last year.

Revenue from GCI's Internet service business rose nearly 28 percent to $4.6 million. That business also turned an operating profit of about $1 million in the most recent period, where it broke even a year ago.



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