Yellow pages directory publisher SuperMedia Inc. (SPMD) Thursday reported lesser profit for the fourth quarter as the prior-year comparable period had benefited from a gain on early extinguishment of debt. The company further said its merger with Dex One remains on track and that it expects to close the transaction in the first half of 2013.
For the reporting period, the company posted net income of $45 million, down from $138 million it reported last year. On a per share basis,the company reported earnings of $2.92 versus $8.86 a year ago. A gain on early extinguishment of debt of $116 million last year was absent this year.
Operating revenue for the quarter witnessed a decline to $312 million from $384 million a year earlier.
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