Telecom Italia 3Q Net Profit Rises on Efficiency Gains
November 04 2016 - 9:15AM
Dow Jones News
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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