Market Overview

Telekom Austria Posts 2011 Net Loss

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Telekom Austria AG (OTC: TKAGY) swung to a net loss in 2011.

Telekom Austria posted a net loss of EUR252.8 million in 2011, versus a net income of EUR195.2 million in 2010. Its total revenue dropped 4.2% to EUR4.45 billion. Its earnings before interest, taxes, depreciation and amortization declined 7.2% y/y to EUR1.53 billion.

Telekom Austria shares closed at $22.81 yesterday.

Posted-In: EarningsEarnings News

 

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