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Deutsche Telekom Q3 earnings up 8 percent

Deutsche Telekom Q3 earnings up 8 percent

Deutsche Telekom AG has reported a 7.9 percent increase in third-quarter earnings as revenues from mobile data services rose.
The company said Thursday it had a net profit of nearly (EURO)1.04 billion ($1.45 billion) _ up from (EURO)959 million a year earlier.
Total revenue declined 4.1 percent to (EURO)15.6 billion from (EURO)16.26 billion. Still, Telekom says mobile data revenue rose 26 percent to (EURO)3.2 billion.
Deutsche Telekom says it also has made progress in cost-cutting efforts and is reaffirming its targets for the full year.
CEO Rene Obermann says that "in terms of both finance and operations, the group's development has completely fulfilled our expectations."


Updated : 2021-03-03 05:09 GMT+08:00