Paramount Communications reported profits that were less than half the prior year's level, despite higher revenues.

Dell on Thursday reported a 5pc fall in its fourth-quarter profits despite revenues climbing to $14.9bn (£9.4bn).

Despite lower revenues for the group after the station sales, operating profits rose 10 percent, to $71 million.

As a result, Arbor has learned how to remain profitable despite lower revenues from managed care.

In 1994, the company registered a net loss of $7.8 million despite revenues of over $818 million.

Sun, an Illinois manufacturer of automotive test equipment, has had a long record of quarterly losses despite growing revenues.

Hewlett-Packard yesterday reported higher profits in its second quarter despite weak revenues amid sluggish corporate spending on computer technology.

It charges that teams, despite increased revenues from higher attendance, corporate sponsors and television, are ever more reluctant to make offers to free agents.

Because of the lower tax rate, tax payments fell to $29.8 million, from $35.8 million a year ago, despite higher revenues.

Despite falling revenues and military threats, later shahs had lavish lifestyles.