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General

Telenor sees return to revenue growth in 2010

Wednesday 10 February 2010 | 09:25 CET | News
Telenor reported a decline in fourth-quarter sales and operating profit, while net profit improved thanks to lower financing costs and taxes. Pro forma revenues fell to NOK 26.26 billion from NOK 29.40 billion a year earlier, and adjusted EBITDA dropped to NOK 8.11 billion from NOK 9.83 billion. The EBITDA margin fell to 30.9 percent from 33.4 percent a year earlier, while the full-year result of 34.5 percent was still ahead of the operator's target of 33-34 percent. Telenor posted net profit of NOK 2.49 billion or NOK 1.51 per share, up from NOK 1.96 billion or NOK 1.18 per share in the

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Categories: General
Companies: Telenor
Countries: World
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