Twenty-First Century Fox profit more than doubles on tax gain

Reuters News
Posted: Feb 07, 2018 4:10 PM

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc <FOXA.O> reported on Wednesday quarterly profit that more than doubled, helped by a $1.34 billion gain from the recent changes to the U.S. tax law.

Net income attributable to shareholders increased to $1.83 billion, or 99 cents per share, in the second quarter ended Dec. 31, from $856 million, or 46 cents per share, a year earlier. ( Revenue rose 4.6 percent to $8.04 billion.

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(Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila)