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January 28, 1997updated 05 Sep 2016 1:01pm

COMPANY RESULT: CINCINNATI BELL INC

By CBR Staff Writer

Cincinnati Bell Inc has reported fourth quarter net profits of $51.6m including a net gain of $10.2m including 13.2m gain on lump-sum pension payouts and charges of $3m related to acquisitions against losses last time of $28.5m which included charges of $73.5m, on revenue up 26.0% at $432.4m; net profits for the year to December 31 were $185.0m including a net gain of $27.1m made up of $27.4m gain for pensions offset by gains related to reversals of accruals and charges related to acquisitions, against losses last time of $32.3m which included charges of $208.0m, on revenue that rose 17.8% to $1.57bn. Net earnings per share were $0.75 in the quarter, and were $2.70 in the year.

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