THE HAGUE (dpa-AFX) - Dutch telecommunication firm Royal KPN NV (KPN, KKPNY, KKPNF) reported Wednesday that its fourth-quarter net profit was 254 million euros, compared to loss of 16 million euros last year.
The 270 million euros improvement in result was mainly due to improved net finance results driven by a realized book gain on the sale of Telefónica Deutschland shares and a lower gross debt level, and bond tender premiums last year.
Adjusted EBITDA was 582 million euros, down 7.6 percent from 630 million euros last year.
Revenues fell 9.7 percent to 1.745 billion euros from 1.933 billion euros a year ago. Adjusted revenues declined 8.1%.
Looking ahead, for fiscal 2016, the company expects adjusted EBITDA in line with 2015.
Further, KPN said it intends to pay a regular dividend per share of EUR 8.0 cents in respect of 2015. The final dividend of EUR 5.0 cents per share is expected to be paid in April 2016. KPN intends to pay a total regular dividend per share of EUR 10 cents in respect of 2016 and grow the dividend in line with its free cash flow growth profile thereafter.
Copyright RTT News/dpa-AFX