We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
BT Group PLC | NYSE:BT | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.57 | 0 | 01:00:00 |
By Ulrike Dauer
FRANKFURT--Germany's Deutsche Telekom AG (DT) on Wednesday reported an almost fourfold rise in net profit for the first quarter, driven by a one-time gain from selling a U.K. telecommunications joint venture, and said it was on track for full-year targets.
The German telecommunications company also confirmed mid-term goals through 2018.
Quarterly net profit rose to 3.13 billion euros ($3.79 billion) from EUR787 million, a strong beat of the EUR789 million estimate from a Dow Jones Newswires poll.
However, net profit includes a one-time gain of EUR2.5 billion related to Deutsche Telekom's sale of its stake in U.K. venture EE that closed in January.
Revenue was EUR17.63 billion, a 4.7% rise from EUR16.84 billion in the same period a year ago and above the forecast EUR17.57 billion.
The company's main yardstick--adjusted earnings before interest, tax depreciation and amortization--rose 13% to EUR5.15 billion from EUR4.57 billion, beating the forecast EUR5.10 billion. Deutsche Telekom guides for adjusted Ebitda of around EUR21.2 billion for 2016, up from EUR19.9 billion it generated in 2015.
Write to Ulrike Dauer at ulrike.dauer@wsj.com
(END) Dow Jones Newswires
May 04, 2016 01:40 ET (05:40 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year BT Chart |
1 Month BT Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions