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DALLAS (dpa-AFX) – The US telecommunications company AT&T
Free cash inflow is an important measure of a company’s financial strength that is widely considered in the stock market. Among other things, it can provide information about the ability to distribute money to investors. CEO John Stankey continues to maintain his annual goal of achieving at least $16 billion in free cash flow.
In day-to-day business, things went well for the most part, service revenues in mobile communications and revenues from broadband connections grew significantly. Overall, AT&T increased sales from continuing operations by 1.4 percent to $30.1 billion. Thanks to growth in the high-yield businesses with 5G mobile communications and fiber optic Internet, earnings before interest, taxes, depreciation and amortization (via Ebitda), adjusted for special items, rose slightly more sharply at 3.9 percent to $10.6 billion.
The bottom line, however, was that net profit fell by a good 12 percent to $4.2 billion. Among other things, AT&T blamed higher pension costs, weaker results at the DirecTV holding and a higher tax rate./men/lew/mis
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