Telenor second quarter profits rises above expectation

FILE PHOTO: Telenor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

Norway’s telecom firm, Telenor, recently reported its second quarter profits slightly rose above expectations, reported Reuters.

According to Reuters, the firm’s report showed that adjusted earnings before interest, tax, depreciation and amortization for April-June rose 4% to 8.77 billion crowns($878.7 million), while analysts on average had expected 8.48 billion.

Additionally, the profits reiterated its outlook.

“We maintain our full-year and medium-term outlook,” CEO Sigve Brekke said in a statement.


About Kanlayakorn Pengrattana

Kanlayakorn 'Princess' Pengrattana is a freelance writer at ScandAsia.

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