Sprint returns to FY operating profit

(Telecompaper) US mobile operator Sprint reported a strong finish to its fiscal year to March, exceeding its annual guidance and reporting its first operating profit in nine years. The company reported an operating profit for the year of USD  310 million, better than its forecast of USD 100-300 million and reversing a loss of USD 1.9 billion in the previous tear. Adjusted EBITDA rose 36 percent to USD 8.1 billion, also beating its outlook, and the net loss narrowed to USD 2 billion fro