Yellow Pages Income Fund has booked a 5% increase in first-quarter earnings to $127 million as revenue rose 8% to $414.6 million.
The country’s dominant directory provider said today its results “were driven by operational efficiencies, organic revenue growth and additional revenue contribution from recent business acquisitions.”
Operating profit grew by 7.5% over a year ago to $171.4 million.
Yellow Pages said its online revenue grew 48% to $53.5 million.
The $414.6 million in total revenue compared with $384.2 million in the year-earlier quarter, and January-March net income of $127 million or 24 cents per unit was up from a year-ago profit of $121 million or 23 cents per unit.
“Our first-quarter performance underlines the overall confidence we have in the company, its strategic positioning and in its business fundamentals,” said Yellow Pages Group CEO Marc Tellier.
“We expect to generate additional efficiencies in our operations, while continuing to lead the industry in creating new revenue-generating opportunities.”
