Outdoor Systems profits up 74%

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Outdoor Systems, Phoenix, posted record results for the fourth quarter and full-year 1998. The U.S.' largest out-of-home operator said net income for the fourth quarter was up 74% from a year ago, to $12.9 million. Revenue hit $191.5 million, up 20%. For the year, net income more than doubled to $41.1 million on 50% higher revenue of $705.9 million. Outdoor Systems operates about 231,000 bulletins, posters, and transit and mall displays.

Copyright February 1999, Crain Communications Inc.

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