This reports the telecom Wednesday.
KPN booked in the second quarter, operating profit (EBITDA) before one-off costs of 602 million euros. That was 1.5 percent more than a year earlier, faster than expected, which brought an end to the decline in the result.
That stabilization was predicted by KPN before the end of 2015. The company now expects its result for the whole year will be about as high as in 2014.
. <- Block: | article link start ->
Business market
The turnover of KPN fell last quarter by nearly 4 percent to 1.75 billion euros. As in previous quarters, the company was affected by the difficult conditions in the business market. Revenues from mobile and fixed services for consumers were about as high as a year earlier.
9 per cent in the business market shrank comparable sales to last year, while operating profit there was a fifth smaller. KPN is working on a reorganization that do need the corporate branch profitable and
Profit
Consumers reported last quarter, 6 percent more on their KPN Mobile. In addition, the company managed to snare more subscribers and market share grew from 42 to 44 percent.
The net profit of KPN dropped by 55 percent, to 160 million euros. That profit a year earlier was driven by a significant one-off pension windfall.
In the previous quarter, KPN have benefited from dividends from its stake in Telefónica Deutschland. That money is passed on in the form of an interim dividend of 3.4 cents per share to shareholders
. <- Block |! Infographic end ->
No comments:
Post a Comment