CABLE Bahamas yesterday unveiled a 37.4 per cent net income increase to $6.339 million for the 2012 first quarter, up from $4.614 million during the same period in 2011. The growth was driven by a 23.5 per cent revenue rise to $27.864 million, compared to $22.57 million during the three months to end-March 2011. Operating income was up 27.1 per cent at $7.854 million, compared to $6.178 million in 2011. Operating expenses, meanwhile, were also up by 24.7 per cent at $15.641 million compared to $12.539 million the year before.