UNTERFOEHRING (dpa-AFX) - Kabel Deutschland Holding AG (KBDHF.PK), Germany's largest cable network operator, Friday reported that its third-quarter net profit declined 9.9 percent to 66 million euros or 0.74 euro per share from last year's 73 million euros or 0.82 euro per share.
Revenue, however, grew 6.8 percent to 548 million euros from last year's 513 million euros, mainly on strong growth in Internet and Phone Business revenue.
Adjusted EBITDA, a key earnings metric, increased 8.7 percent year-on-year to 257 million euros.
Kabel Deutschland said it is well positioned to achieve continued growth. For fiscal 2016, the company continues to expect mid to high single-digit revenue growth and mid to high single-digit adjusted EBITDA growth.
Copyright RTT News/dpa-AFX