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Bharti Airtel Q3 net profit drops 72%, restructures management

2013-02-01 01:00:00| Total Telecom industry news

Indian operator's numbers dragged down by African ops.

TeliaSonera Q4 net profit up 35%, organic sales rise 1.8%

2013-01-31 09:17:00| Telecompaper Headlines

(Telecompaper) TeliaSonera reported a strong improvement in net profit and cash flow for the fourth quarter, while underlying sales growth was better than its earlier guidance. Net profit jumped 34.9 percent to SEK 6.88 billion, helped by a profit from selling shares in the Megafon IPO, and free cash flow surged to SEK 2.93 billion from SEK 552 million a year earlier, thanks to lower capex and changes in working capital. Adjusted EBITDA was still down 3.2 percent to SEK 8.97 billion, and revenues fell 0.7 percent to SEK 27.07 billion. Excluding currency effects and acquisitions, quarterly sales were up 1.8 percent and EBITDA was down 0.6 percent. TeliaSonera said all countries in Eurasia returned to positive revenue growth in the fourth quarter, while its mobile division benefited from higher equipment sales and better trends in service revenues in several markets. At the broadband division, growth in the fibre customer base accelerated towards the end of the year and customer satisfaction improved. Over the full year, organic revenue growth reached 1.2 percent, better than the operator's outlook of flat to 1 percent higher. The company maintained its dividend at SEK 2.85 per share. For 2013, the company forecast revenues in local currencies at the same level as last year and a small improvement in the adjusted EBITDA margin, helped by the ongoing restructuring announced last October.

Tags: net sales rise profit