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Telenor's Subsidiary Grameenphone Q4 Revenue Declines

Telenor ASA (TELNY.PK), a telecommunications company, Tuesday said its subsidiary Grameenphone reported revenue of NOK 3.808 billion for the fourth quarter, lower than NOK 3.964 billion in the same quarter a year ago.

Operating profit declined to NOK 1.239 billion from NOK 1.571 billion last year.

Earnings before interest, taxes, depreciation, and amortization or EBITDA, before other income and expenses was NOK 2.184 billion, down from NOK 2.428 billion in the previous year.

by RTTNews Staff Writer

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