
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, February 1, 1991                   TAG: 9102010280
SECTION: BUSINESS                    PAGE: B4   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

MCI PROFITS FALL 50% WITH RECORD REVENUES

MCI Communications Corp. on Thursday reported a nearly 50 percent drop in 1990 profits from the previous year. But the company said it had record revenues for the year.

MCI blamed the decline in profits on a half-billion dollar investment in updated digital switching equipment.

The nation's second-largest long-distance company listed 1990 earnings at $270 million, or $1.06 per share, down 48.9 percent from $529 million, or $2.09 per share for 1989. Revenue was $7.68 billion, up from $6.47 billion in 1989.

For the quarter ending Dec. 31, MCI reported earnings of $120 million, up 19 percent. Revenues for the period totaled just over $2 billion, a 17 percent increase. - Associated Press

by CNB