Press Release
D&E COMMUNICATIONS, INC. FOR IMMEDIATE RELEASE May 05, 2006 | FOR IMMEDIATE RELEASE CONTACT PERSON: |
EPHRATA, PENNSYLVANIA (May 5, 2006) - D&E Communications, Inc. ("D&E" or "Company") (Nasdaq: DECC), a leading provider of integrated communications services in central and eastern Pennsylvania, today announced the results of its operations for the first quarter ended March 31, 2006.
For the first quarter of 2006, the Company reported total operating revenue of $42.6 million, as compared to $42.8 million in the first quarter of 2005. Net income for the first quarter was $1.6 million, or $0.11 per share, as compared to $2.9 million, or $0.20 per share, for the same period last year. Included in the 2005 results was a gain on investment of $2.1 million ($1.4 million, or $0.10 per common share, after tax) from the sale of our ownership interest in PenTeleData. Net income before this item was $1.5 million, or $0.10 per share, for the first quarter of 2005.
D&E President and CEO, James W. Morozzi said, "The first quarter of 2006 was on track and the Company performed as anticipated. With our continuing emphasis on broadband and on-net profitable CLEC customers, we experienced considerable growth, particularly in the number of DSL subscribers and CLEC lines. These advances offset the expected line losses in our RLEC. In our Systems Integration line of business, we have concentrated on cutting costs, and on narrowing our focus to emphasize the value offered by Managed Services and Professional Services to our business customers."
"We are pleased with the strides the Company is making." Morozzi continued, "We have made steady improvement in keeping expenses down, we are proceeding according to plan and, overall, we've shown good progress year over year."
Summary Statistics
March 31, 2006 | March 31, 2005 | Change | % Change | |
RLEC lines | 133,387 | 138,494 | (5,107) | (3.7%) |
CLEC lines | 41,818 | 39,514 | 2,304 | 5.8% |
DSL/High-Speed Internet Subscribers | 22,489 | 13,142 | 9,347 | 71.1% |
Dial-up Internet subscribers | 7,163 | 10,716 | (3,553) | (33.2%) |
Video subscribers | 6,760 | 5,877 | 883 | 15.0% |
Web hosting customers | 959 | 929 | 30 | 3.2% |
Click here to read the full press release in PDF Format.