Telecom Italia 3Q Net Profit Falls on Higher Expenses
November 10 2017 - 4:48AM
Dow Jones News
By Marc Navarro Gonzalez and Pietro Lombardi
Telecom Italia SpA (TIT.MI) said Friday that its third-quarter
net profit fell 8.4% from the year-earlier period, hit by higher
operating expenses.
Italy's largest telecom operator net profit in the three months
period ended Sept. 30 was 437 million euros ($507.7 million),
compared with EUR477 million a year earlier. Revenue for the
quarter stood at EUR4.91 billion, up from EUR4.84 billion.
The company said that earnings before interest tax depreciation
and amortization, or ebitda, declined 2.5% to EUR2.1 billion.
Telecom Italia confirmed, in organic terms, the guidance for the
year.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
November 10, 2017 04:33 ET (09:33 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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