Obie profits up 46.2%

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Obie Media Corp., Eugene, Ore., posted net income of $544,132 for the third quarter, up 46.2% over the same period a year ago. Gross revenue for the out-of-home advertising company climbed 88.2% to $10.8 million. Gross revenue from transit advertising soared 117.7% to $9.2 million, while outdoor advertising rose 5% to $1.6 million. For the nine-month period, net income was up 54.1% to $1.4 million on 89.3% higher gross revenue of $28.1 million.

Copyright October 1999, Crain Communications Inc.

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