Market Overview

TELIASONERA Posts Decline In Q1 Profit


TELIASONERA ADR (OTC: TLSNY) reported a 5.9% decline in its net profit for the first quarter.

The company's quarterly net profit slipped to SEK3.71 billion kronor ($427 million), versus a year-ago profit of SEK3.95 billion. Earnings per share dropped to 0.86 krona versus 0.91 krona.

Its revenue climbed to SEK26.04 billion from SEK23.97 billion, while earnings before interest, taxes, depreciation and amortization, excluding non-recurring items, declined 4.3 percent in local currencies.

In Sweden, operating income fell to SEK2.09 billion from SEK2.63 billion, while operating income in TeliaSonera's Eurasian unit gained to SEK1.90 billion from SEK1.76 billion.

TELIASONERA reiterated its guidance for the full year.

TELIASONERA shares gained 0.43 percent to close at $11.73 yesterday.

Posted-In: profitEarnings News


Related Articles (TLSNY)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

ARM Posts Higher Q1 Profit

BillerudKorsnas Q1 Profit Increases