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New Frontier Up in 4Q

By Multi Channel News Staff -- Multichannel News, 5/27/2004 9:07:00 AM

New Frontier Media Inc. reported net income of $3.3 million, or 14 cents per common share, for its fiscal fourth quarter ended March 31, versus $700,000 (4 cents) in the prior-year quarter.

The adult-entertainment distributor’s revenue rose 19% to $11.1 million compared with $9.3 million in the year-earlier period.

EBITDA (earnings before interest, taxes, depreciation and non-content-related amortization) jumped to $3.7 million from $2 million in the previous-year quarter.

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