Telenor Reports increased profits for the first quarter
Friday, 26 April 2013
The Norwegian telecoms operator Telenor 's underlying EBITDA earnings
for the first quarter of 2013 was Nkr8.423 million against Nkr 7761
million same times last year in the first quarter of 2013.
Analysts had expected, on an underlying EBITDA profit of Nkr8.516
billion according to the analysts estimate summary for the report.
Revenues reached Nkr 24.7 billion as EBITDA before other items was Nkr
8.42 billion, EBITDA margin was 34 percent, and operating cash flow was
Nkr 5.6 billion.
“The first quarter of 2013 is characterised by a solid operating
cash flow of Nkr 5.6 billion, strong margins in several operations and
good progress in operational performance in India. The strengthened
EBITDA margin of 34percent is further supported by a higher share of
bundled subscriptions and good network quality in the Norwegian
operation,’’ said Jon Fredrik Baksaas, President and CEO of Telenor
Group to the press release.
Rea more on the report from Telenor
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