By DAVID BORAKS
Revenues rose and expenses fell again during the most recent quarter at MI-Connection Communications System, the local communications network owned by the towns of Davidson and Mooresville. The company also continued to add customers, including users of its new “Warp Speed” internet service.
In a report to MI-Connection's board Thursday, CEO David Auger said revenues rose 4.2 percent during the three months that ended Dec. 31 (the 2nd quarter of fiscal year 2013) compared with the same period a year earlier. The year-to-year comparison included a one-time miscellaneous gain of $32,000 a year ago. Excluding that, revenues would have risen 5.2 percent, he said. Revenues were flat – up just 0.16 percent – compared with the previous quarter. Read the full story