Dex Media Q4 Loss Widens

(RTTNews) - Dex Media, Inc. (DXM), a print and interactive marketing company, Thursday reported a wider net loss for the fourth quarter, despite revenue growth, mainly on account of a significant impairment charge.

Net loss for the 3-month period widened to $556 million or $32.29 per share, from a loss of $37 million or $3.56 per share in the same period last year.

The company recorded an impairment charge of $458 million during the fourth quarter of 2013.

For the three months to December, adjusted EBITDA declined to $207 million from $247 million a year earlier.

Operating revenue, however, grew by 43.5 percent to $429 million from $299 million a year earlier.