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.

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