2012 tax benefit lifts HawTel earnings

The state's biggest phone company made $110 million last year, it reports

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Mar 15, 2013

~~<p>A one-time tax benefit led to a sharp increase in Hawaiian Telecom's earnings in the fourth quarter of 2012 and for the full year, the company announced Thursday.</p>
<p>The state's largest telephone company earned $98.6 million, or $9.21 a share, during the final three months of last year, up from $6.5 million, or 63 cents a share, during the same period in 2011. Full-year earnings were $110 million, or $10.32 a share, up from $26.2 million, or $2.41 a share in 2011.</p>
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A one-time tax benefit led to a sharp increase in Hawaiian Telecom's earnings in the fourth quarter of 2012 and for the full year, the company announced Thursday.

The state's largest telephone company earned $98.6 million, or $9.21 a share, during the final three months of last year, up from $6.5 million, or 63 cents a share, during the same period in 2011. Full-year earnings were $110 million, or $10.32 a share, up from $26.2 million, or $2.41 a share in 2011. Login for more...