Telenor Says 2014 Profit Margin to Improve as Earnings Rise
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Telenor ASA, the Nordic region’s largest phone company, said its profit margin will probably improve this year after reporting second-quarter earnings that topped analysts’ estimates.
Adjusted earnings before interest, taxes, depreciation and amortization were 9.62 billion kroner ($1.55 billion) in the three months through June, compared with 8.86 billion kroner a year earlier, the Fornebu, Norway-based carrier said today in a statement. Analysts on average predicted 9.44 billion kroner, according to data compiled by Bloomberg. Sales rose about 4 percent to 26.8 billion kroner.