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Technology / AI and automation

COMPANY RESULTS

Pacific Telesis Group Inc has reported fourth quarter net losses of $391m including profit from discontinued operations of $14,000 and a restructuring charge of $1,018m, against profits last time of $287m, including profit from discontinued operations of $1m, on turnover up 1.1% at $2.3m; net loss for the year to December 31 was $1.5m including profit from discontinued operations of $29m, a restructuring charge of $1,431m and an accounting charge of $1.7m, against profits last time of $1.1m, which included losses from discontinued operations of $31m, on turnover that rose 1.5% to $9.2m. Comparisons are with restated figures.

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