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TI Telecom Italia S.P.A. New

5.63
0.00 (0.00%)
02 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 Swings to Profit in 2016

23/03/2017 5:58pm

Dow Jones News


Telecom Italia (NYSE:TI)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Telecom Italia Charts.
   By Manuela Mesco 
 

MILAN--Telecom Italia said Thursday it swung back to profit last year, posting a EUR1.8 billion net profit for 2016.

The company, which launched last year a much-needed turnaround after years of little growth, said its operating profit grew over 25% in 2016 compared to 2015, to EUR3.7 billion.

The Italian telecom operator said the strong growth was due to fewer nonrecurring items compared with 2015. Earning before interest, tax, depreciation and amortization, or Ebitda, grew 14% to EUR8 billion, the company previously said.

In 2015, the company posted a net loss of EUR70 million.

 

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

 

(END) Dow Jones Newswires

March 23, 2017 13:43 ET (17:43 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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