Friday, February 13, 2009

Telecom has reported a 92% fall in second-quarter profit.

The company says the substantial drop is due to the aftermath of one-time charges, and a lack of sales.

Earnings fell to $14,000,000 million dollars in the three months ended December 31st from $172,000,000 a year earlier.

However, stock in the company has risen by 0.8% to $2.66 yesterday after plummeting down almost 35% in the last year.

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