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General

Swisscom revenues grow 0.5%, net profit drops 14.4%

Wednesday 4 August 2010 | 08:57 CET | News
Swisscom reports revenues of CHF 5.95 billion for the first six months of this year, growing by 0.5 percent year-on-year. At constant exchange rates, this amounts to an increase of 1.8 percent, with net revenue posted by Italian subsidiary Fastweb rising by 1.7 percent in the local currency to EUR 935 million. Swisscom's revenues, excluding Fastweb, grew by 1.9 percent year-on-year to CHF 4.62 billion. The increase is primarily attributable to the economic recovery, company acquisitions made by Swisscom IT Services as well as growth in mobile communications and bundled products. Swisscom's

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Categories: General
Companies: Fastweb / Swisscom
Countries: Italy / Switzerland
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