Telekom Austria Swings To Q1 Net Profit

Telekom Austria AG

posted a net profit in the first quarter. Telekom Austria posted its quarterly net profit of EUR46.9 million, versus a year-ago net loss of EUR79.2 million. Its revenue fell 5.6% y/y to EUR1.06 billion. Capital expenditure climbed 21% to EUR145.8 million. Telekom Austria shares closed at $21.02 yesterday.