Hawaiian Telcom Holdco Inc., a Honolulu-based communications utility, said Monday its net income for the third quarter fell 99 percent to $105,000 due to noncash pension expenses related to employee retirements and investments to expand the company’s broadband fiber network.

“We are keenly focused on providing Hawaii’s businesses, residents and visitors with the next-generation products and services,” said Scott Barber, Hawaiian Telcom’s president and CEO. “As Hawaii’s only local full-service communications company, backed by the strength of our next-generation fiber network, Hawaiian Telcom is well positioned to continue growing and increasing long-term shareholder value.”

Hawaiian Telcom reported earnings of  1 cent per diluted share for the quarter, down from 13 cents per diluted share in the year-earlier period, when the company made $1.5 million. Hawaiian Telcom spent $4.1 million related to employee retirement costs and saw a $2.8 million increase in depreciation and amortization as a result of investments to expand its broadband fiber network.

Revenue for the third quarter was up 3.8 percent to $100.9 million, compared with $97.3 million reported for the third quarter of 2014. Adjusted EBITDA, adjusted earnings before interest, taxes, depreciation and amortization, was up 7.8 percent to $31.3 million.

“Hawaiian Telcom performed well in the third quarter — with solid growth in all three channels,” Barber said. “This was the  13th consecutive quarter of year-over-year growth in our consumer revenue.”

Consumer revenue increased 2.5 percent year-over-year to $38.1 million, driven by growth in video and high-speed Internet revenue of $2.1 million and $500,000, respectively.

The utility is gradually adding to the neighborhoods where its TV service is available.

The company added 2,100 Hawaiian Telcom TV subscribers during the third quarter for a total of 34,000 subscribers. Hawaiian Telcom added 8,000 fiber-enabled households in the quarter, increasing enabled households on Oahu to 183,000.

Business revenue totaled $43.4 million, up 3.9 percent from the same period a year ago, partly due to a $1.2 million year-over-year increase in equipment and managed-services revenue.

Revenue increases from video and high-speed Internet continued to more than offset declines related to consumer voice access and long-distance line losses.

The company’s legacy landline phone business was down approximately 5 percent for local voice services and 7.5 percent for long-distance services.

“We’re seeing a turn just like the rest of our industry is,” Barber said. “Our numbers are right in line with our peers.”