Telecom Italia Third-Quarter Net Profit Rose on Efficiency Gains
November 04 2016 - 10:06AM
Dow Jones News
By Manuela Mesco
MILAN--Italy's Telecom Italia said Friday its third-quarter net
profit surged 43% 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, taxes, depreciation and amortization rose 8.5% to EUR2.15
billion in the three months to end-September from the same period
last year, while earnings before interest and taxes rose 6.2% to
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 09:51 ET (13:51 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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