PRIMUS Telecommunications Forecasts positive First Quarter Growth
April 18, 2002 -- (WEB HOST INDUSTRY REVIEW) -- PRIMUS Telecommunications Group, Incorporated, a facilities-based Total Service Provider, today released updated financial guidance for the first quarter of 2002. The company predicts that it will report positive EBITDA (earnings before interest, taxes, depreciation and amortization) for the first quarter of 2002.
?We are pleased to confirm that the Company expects to in the range of $18 million to $20 million,? said K. Paul Singh, Chairman and Chief Executive Officer of PRIMUS (primustel.com).
?The first quarter's EBITDA represents substantial progress over the $11 million recurring EBITDA generated in the fourth quarter of 2001, and the $7.5 million EBITDA in the third quarter of 2001.?
Reporting financial results for the quarter ended March 31, 2002 after market close on May 2, 2002, the company?s management will conduct a conference call to discuss first quarter results that day.
