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TI Telecom Italia S.P.A. New

5.63
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Telecom Italia S.P.A. New NYSE:TI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.63 0.00 01:00:00

Telecom Italia 3Q Net Profit Rises on Efficiency Gains

04/11/2016 1:15pm

Dow Jones News


Telecom Italia (NYSE:TI)
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From May 2019 to May 2024

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By Manuela Mesco

 

MILAN--Italy's Telecom Italia said Friday its third-quarter net profit surged 43% from a year earlier, to EUR477 million ($529.8 million), reflecting efficiency gains from the company's turnaround plan started earlier this year.

The country's largest telecom operator said that earnings before interest tax depreciation and amortization, or Ebitda, rose 8.5% year-over-year, to EUR2.15 billion, while Ebit was up 6.2% at EUR1.1 billion.

Revenue for the quarter stood at EUR4.8 billion, up 1.4% from the same period a year earlier.

Write to Manuela Mesco at Manuela.Mesco@wsj.com

 

(END) Dow Jones Newswires

November 04, 2016 09:00 ET (13:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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