Thursday, May 06, 2010

Portugal Telecom - Q1 net profit fell 40%, revenue stagnated

[wsj] Portugal Telecom SGPS SA (PT) said Thursday its first-quarter net profit fell 40% as revenue stagnated in its key home market and the company earmarked more money to expand networks and pay television.

PT, Portugal's biggest telecommunications company by market capitalization and subscribers, said net profit fell to EUR100.3 million from EUR166.4 million a year earlier.

Portugal Telecom 1Q Net Pft -40% As Costs Rise

No comments: