THE HAGUE (dpa-AFX) - Dutch telecommunication firm Royal KPN NV (KPN, KKPNY.PK) Wednesday reported that its net profit for the second quarter edged up 1.3 percent, but revenues slid 3.7 percent. In addition, KPN said it plans to pay a total regular dividend of 10 euro cents for 2016 and an interim dividend of 3.3 euro cents in August this year.
For the second quarter, net profit from continuing operations grew 1.3 percent to 162 million euros. Operating profit, or EBIT, rose 21 percent to 205 million euros, driven by lower depreciation and restructuring costs.
Adjusted EBITDA, however, slid 1.7 percent to 592 million euros, as a result of lower revenues in Business and investments in subscriber retention in Consumer, partly offset by the positive impact of cost savings.
Revenues from continuing operations for the quarter declined 3.7 percent to 1.676 billion euros. Adjusted revenues were down 4.3 percent.
Copyright RTT News/dpa-AFX