LICT Corporation announced unaudited financial results for the first quarter March 31, 2012. For the quarter, the company reported revenues of $23.132 million against $22.195 million a year ago. Operating profit was $3.718 million against $3.956 million a year ago. Income before income taxes was $14.716 million against $3.506 million a year ago. Net income from continuing operations was $9.923 million against $2.175 million a year ago. Net income attributable to the company was $9.905 million against $2.155 million a year ago. Capital expenditures was $2.290 million against $3.514 million a year ago. Net income attributable to the company before special items was $83.45 against $90.71 a year ago. Net income attributable to the company after special items was $421.62 against $90.71 a year ago. Total EBITDA was $8.790 million against $9.005 million a year ago. The company currently expects 2012 revenues to be $94.7 million, up from the 2011 full year revenues of $92.6 million, and EBITDA, before corporate expenses, including cash received from equity affiliates, to be $39.3 million, an increase of $0.2 million compared to 2011 as expansion costs in new markets hampered EBITDA from operating companies. This forecast represents a $0.7 million increase in revenues from previous forecast due to additional sales of circuits, and a $0.3 million decrease in EBITDA, due predominantly to lower than expected distributions from Modoc Partnership, offset by the increased EBITDA from the higher revenues.