logo
  

Telia Co. Posts Profit In Q2

Swedish telecom company Telia Co. AB (0H6X.L,TLSNY.PK) Wednesday reported a huge profit for the second quarter, reflecting a capital gain from Telia Carrier, with a modest 0.5 percent growth in net sales. The Group also reiterated its service revenues and EBITDA growth outlook for 2021.

For the second quarter, the Group posted total income of 8.10 billion Swedish kronor, compared to last year's total loss of 2.03 billion Kronor. The results mainly included a capital gain from Telia Carrier, while last year's reflected an impairment of Turkcell Holding.

Adjusted EBITDA for the quarter slid by 0.1 percent to 7.731 billion kronor, while like-for-like adjusted EBITDA increased by 1.9 percent.

Quarterly net sales edged up 0.5 percent to 21.9 billion kronor from 21.8 billion kronor, and like for like net sales increased 4.9 percent. Service revenues slid by 1.3 percent to 18.9 billion kronor, while like for like service revenues increased 3.2 percent.

Based on the performance in the quarter, the Group said it is reiterating its full year outlook of service revenues and EBITDA, excluding Telia Carrier and FX, at flat to low single digit growth.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Omnichannel retailer Macy's, Inc. announced Monday plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season. The colleagues will be positioned at its Macy's, Bloomingdale's and Bluemercury stores, supply chain locations and call centers. Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022.
RELATED NEWS
Follow RTT