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COLT Telecom Posts Lower 2012 Profit - Quick Facts

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Colt Group S.A.'s (COLT,COLT.L) full-year 2012 profit after tax, including the 32.0 million euros exceptional restructuring charge, plunged to 26.1 million euros, from 62.3 million euros a year ago. Profit after tax before exceptional items was 58.1 million euros, down 6.7% year-on-year, as the lower operating profit was partially offset by the movement in the tax charge and the foreign exchange gain, the company added.

Excluding exceptional items, annual pre-tax profit totaled 61.8 million euros this year, down 14.2% from the prior year's 72.0 million euros.

Full-year EBITDA before exceptional items grew 0.5% to 333.6 million euros, from 332 million euros in 2011, despite a period of investment in the transformation and growth of the business

However, Group revenue for twelve months went up 2.6% to 1.59 billion euros, from 1.55 billion euros last year, reflecting growth across all major product categories with Voice revenue stabilising in 2012.

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by RTT Staff Writer

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