TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — B Communications Ltd. (BCOMF) on Tuesday reported fourth-quarter net income of $550.7 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had net income of $4.68. Earnings, adjusted for non-recurring gains, came to $1.28 per share.
The Israeli telecommunications holding company posted revenue of $672.2 million in the period.
For the year, the company reported profit of $856.2 million, or $5.08 per share. Revenue was reported as $2.53 billion.
In the final minutes of trading on Tuesday, the company’s shares hit $4.30. A year ago, they were trading at $5.15.
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