Monday, 23 July 2007

Telenor Profit Rises 42 Percent on New Subscriptions in Pakistan, Malaysia

(Bloomberg) -- Telenor ASA, the Nordic region's
biggest telephone company by revenue, said second-quarter profit
gained 42 percent after it added subscribers in Pakistan and
Malaysia.

Net income rose to 3.25 billion kroner ($570 million), or
1.94 kroner a share, from 2.28 billion kroner, or 1.35 kroner, a
year earlier, the Fornebu, Norway-based company said today in a
statement. Revenue gained 5.2 percent to 23.2 billion kroner.
Earnings also benefited from a tax bill that more than halved.


Read more at Bloomberg Currencies News

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