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March 5, 1997updated 05 Sep 2016 12:39pm


By CBR Staff Writer

Viacom Inc, in spite of its announced and misleading EBITA (earnings before interest, taxation, depreciation and amortization) figures, posted a net loss of $227.4m, or $0.68 per share, on revenues up 21.6% at $3.4 billion in the fourth quarter, compared to a net profit of $4.5m in the same period a year ago. The poor results exclude contributions from Viacom’s Cable, Radio and interactive game divisions, which are accounted for as discontinued operations. Net profits for the year were $1.25bn, or $3.23 per share, up from $222.5m on revenues that rose 10.7% at $12.08bn.


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