Saga Communications Inc (SGA) has reported a 33.54 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $4.94 million, or $0.84 a share in the quarter, compared with $3.70 million, or $0.63 a share for the same period last year. Revenue during the quarter grew 4.73 percent to $37.29 million from $35.61 million in the previous year period. Gross margin for the quarter expanded 298 basis points over the previous year period to 30.33 percent. Total expenses were 77.46 percent of quarterly revenues, down from 82.25 percent for the same period last year. This has led to an improvement of 478 basis points in operating margin to 22.54 percent.
Operating income for the quarter was $8.40 million, compared with $6.32 million in the previous year period.
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