KPN earnings rise on cost savings
Telecom group KPN booked a 4.8% increase in net profit in the second quarter of this year, due largely to cost cutting measures.
Net profit reached €370m. Turnover was down 6.8% at €3.4bn, the company said in a statement.
‘We continue to see limited economic impact on consumer markets but business markets are being impacted and there are no signs of economic recovery as yet,’ CEO Ad Scheepbouwer said.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation