Lopend"Warren"Buffet schreef op 27 februari 2018 22:22:
Altice USA swings to profit on tax-reform benefit
Shannon Bond in New York 14 MINUTES AGO
A $2.4bn benefit from US tax reform helped Altice USA swing to profit in the fourth quarter as the US’s fourth-largest cable operator prepares to spin off from its European parent company, Patrick Drahi’s Altice NV.
Net income attributable to Altice USA shareholders was $2.25bn, or $3.06 a share, in the final three months of 2017, compared with a loss of $237m, or 36 cents a share, in the same quarter of 2016.
Excluding the tax benefit and other items, adjusted earnings before interest, taxes, depreciation and amortisation rose 12.2 per cent to $1.04bn. Adjusted ebitda margin improved to 44.1 per cent from 40.3 per cent a year ago.
“Tax reform is going to have a positive impact on us specifically from a cash flow savings standpoint,”