KPN Q1 Profit Up, Revenues Down - Quick Facts

(RTTNews) - Dutch telecommunication firm Royal KPN NV (KPN, KKPNY, KKPNF) reported Friday that its net profit for the first quarter surged to 48 million euros from last year's 23 million euros, mainly due to lower net finance costs.

Operating profit, the Group said, declined 19 percent to 141 million euros, driven by an impairment charge related to iBasis.

Adjusted EBITDA declined by 4.5 percent to 568 million euros in the quarter.

Revenues for the quarter declined 3.9 percent to 1.689 billion euros, as growing consumer revenues were offset by the ongoing decline of the business market size and the impact of the sale of SNT Deutschland.