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KPN Posts Narrower Q4 Loss

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KPN Posts Q3 Net Loss
Benzinga's M&A Chatter for Wednesday October 16, 2013

Royal KPN NV (OTC: KKPNY) reported a narrower net loss for its fourth quarter.

KPM posted a quarterly net loss of EUR37 million ($42 million), versus a year-ago net loss of EUR108 million.

Its revenue gained 2.1% to EUR2.1 billion, while adjusted earnings before tax, interest, depreciation and amortization declined 3% to EUR669 million ($768 million). Analysts were expecting EBITDA of 641 million euros.

KPN also announced its plans to pay a dividend of EUR0.07 a share for 2014.

Posted-In: lossEarnings News

 

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