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January 20, 1997updated 05 Sep 2016 1:00pm


By CBR Staff Writer

Eastman Kodak Co saw fourth quarter net profits down 94.2% at $16.0m including restructuring costs of $256m, a loss of $252m related to the sale of the Office Imaging business and a net gain of $277m from discontinued operations associated with the sale of the non imaging health businesses in 1994, on revenue up 5.4% at $4.417bn; net profits for the year to December 31 rose 2.9% at $1.288bn on revenue up 6.4% to $16.2m. Per share fell 38.8% to $0.49 in the quarter, 4.1% to $3.82 in the year.

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