NEW DELHI: Telenor raised its full-year income outlook on Tuesday, regardless of the Norwegian telecoms operator posting a weaker-than-expected quarterly adjusted working earnings.
Adjusted earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) for the April-June quarter fell to 12.35 billion Norwegian crowns ($1.38 billion), from 13.18 billion crowns a yr earlier, and missed forecasts of 12.7 billion crowns in a company-compiled ballot.
“Telenor returned to progress within the second quarter. The expansion was pushed by sturdy efficiency within the Nordics, mixed with a rising subscriber base and elevated information consumption within the Asian markets,” Chief Government Signe Brekke stated in a press release.
Damaging forex results, nevertheless, offset an underlying enchancment by reducing EBITDA by 1.6 billion crowns, Telenor stated.
The corporate, which is promoting its Myanmar telecom property, now expects natural subscription and visitors income progress of 0-1% and natural EBITDA progress of 0-2%, up from a earlier forecast of sustaining the 2020 stage.
It stored its forecast for the capex-to-sales ratio unchanged at 15-16%.
FbTwitterLinkedin
