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General

TDS lifts Q1 div by 3% after solid Q4 boosted by US Cellular

Friday 22 February 2019 | 16:58 CET | News
The company reported operating revenues for the fourth of USD 1.332 billion, an increase from the 1.308 billion recorded the year before. The net profit amounted to USD 16 million and USD 0.14 per share. The figure compares to USD 6 million and USD 0.05 last year, excluding a tax benefit from the new US tax law of USD 327 million, and USD 287 million and USD 2.54 per share including it. TDS added that profitability was also helped by continuing cost cuts. The company said its managed spending initiatives generated USD 200 in savings over the past two years. 

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Categories: General
Companies: Telephone and Data Systems / US Cellular
Countries: United States
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