KPN Posts Net Profit From Cont. Ops In Q3, On Track For Outlook 2015

(RTTNews) - Dutch telecommunication firm Royal KPN NV (KPN, KKPNY, KKPNF) Tuesday said that on a continuing operations basis, it reported a net profit of 87 million euros, compared to a loss of 75 million euros last year, helped by lower net finance costs. Operating profit or EBIT grew to 204 million euros from 193 million euros.

Revenues fell to 1.764 billion euros from 1.811 billion euros in the prior year.

The company reported 33,000 net adds in broadband and 55,000 in IPTV, while postpaid net adds in Consumer Mobile was 80,000.

KPN said it is on track for outlook 2015. The company expects adjusted EBITDA in line with 2014.

The company intends to pay a dividend per share of 8.0 cents in respect of 2015, excluding dividends related to Telefónica Deutschland. The dividend per share in respect of 2016 is expected to grow further.