NTS reports 3rd quarter profit, progress - KCBD NewsChannel 11 Lubbock

NTS reports 3rd quarter profit, progress

LUBBOCK, TX (KCBD) -

After several quarters of losing money, the parent company of NTS is showing a profit.  Xfone posted results last week which show third quarter income of $871,127, or 4 cents per share. 

The company has been slowly clawing its way out of losses which began during the 2007 recession.  Xfone says much of its new income is derived from high speed Internet and digital video made possible by a new fiber network.  Xfone has also received a combination of loans and grants from the federal government in exchange for providing service to rural communities.  While Xfone was profitable for the 3rd quarter, it is not yet profitable for the entire year.  

A statement to shareholders says, "During the quarter, Xfone brought its FTTP network to two new markets, Burkburnett and Brownfield."  That same statement goes on to say, "Xfone continued to make excellent progress in the Littlefield, Texas market."

Copyright 2011 KCBD NewsChannel 11.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • The princes, the president and the fortune seekers

    The princes, the president and the fortune seekers

    Tuesday, May 22 2018 12:13 AM EDT2018-05-22 04:13:57 GMT
    Tuesday, May 22 2018 9:03 PM EDT2018-05-23 01:03:26 GMT
    (AP Photo/Evan Vucci, File). FILE - In this May 20, 2017, file photo, President Donald Trump shakes hands with Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman in Riyadh. In emails obtained by The Associated Press, George Nader claims...(AP Photo/Evan Vucci, File). FILE - In this May 20, 2017, file photo, President Donald Trump shakes hands with Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman in Riyadh. In emails obtained by The Associated Press, George Nader claims...

    A top Trump fundraiser and a senior adviser to a UAE crown prince ran a secretive campaign, trading lobbying against Qatar for defense contracts from Gulf countries.

    A top Trump fundraiser and a senior adviser to a UAE crown prince ran a secretive campaign, trading lobbying against Qatar for defense contracts from Gulf countries.

  • The Latest: Pompeo says NK could benefit from US investment

    The Latest: Pompeo says NK could benefit from US investment

    Tuesday, May 22 2018 10:32 AM EDT2018-05-22 14:32:52 GMT
    Tuesday, May 22 2018 9:03 PM EDT2018-05-23 01:03:01 GMT
    (AP Photo/Wong Maye-E). FILE - In this May 11, 2018, file photo, a news vendor counts her money near a stack of newspapers with a photo of U.S. President Donald Trump, right, and North Korea's leader Kim Jong Un on its front page  in Singapore. U.S. We...(AP Photo/Wong Maye-E). FILE - In this May 11, 2018, file photo, a news vendor counts her money near a stack of newspapers with a photo of U.S. President Donald Trump, right, and North Korea's leader Kim Jong Un on its front page in Singapore. U.S. We...

    President Donald Trump's meeting with North Korean leader Kim Jong Un is still weeks away, but a colorful commemorative coin of the two leaders is ready to go.

    President Donald Trump's meeting with North Korean leader Kim Jong Un is still weeks away, but a colorful commemorative coin of the two leaders is ready to go.

  • Teen suspect in Maryland officer's slaying held without bail

    Teen suspect in Maryland officer's slaying held without bail

    Monday, May 21 2018 11:43 PM EDT2018-05-22 03:43:29 GMT
    Tuesday, May 22 2018 8:56 PM EDT2018-05-23 00:56:19 GMT
    A 16-year-old boy has been charged with first-degree murder in the slaying of a Baltimore County, Maryland, police officer. (Source: Baltimore County Police/CNN)A 16-year-old boy has been charged with first-degree murder in the slaying of a Baltimore County, Maryland, police officer. (Source: Baltimore County Police/CNN)

    The officer, who wasn't immediately identified, was run over by a Jeep and fatally injured, authorities say.

    The officer, who wasn't immediately identified, was run over by a Jeep and fatally injured, authorities say.

Powered by Frankly