View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 26, 1996

KONINKLIJKE STARTS TO REAP THE BENEFITS OF PRIVATIZATION

By CBR Staff Writer

With net profit up 8.5% at the equivalent of $725m, just shy of analysts’ forecasts, Koninklijke PTT Nederland NV said that volumes increased in all its sectors, while sales grew despite telecommunications price cuts. The growth is attributable in part to a relatively small increase of 3.6% in operating expenses, the company said. Results from associates were depressed by an increase in start-up costs incurred by the Unisource BV joint venture with Telia AB, Swiss Telecom and Telefonica de Espana SA. This contrasts with the first half profit achieved by the Czech operator SPT, which has been included in the results for the first time, it said. Cost control is an extremely important thing for telecommunications in the second half year but the volume expansion is showing some very encouraging developments so, unless something happens that we don’t expect we feel confident that the second half year will see some further growth in earnings per share, said finance director Cees Griffioen. On the basis of what we see in the first half year, we feel confident that the second half is going to show more growth in volume in post, not necessarily the sort of peak we’ve seen in the first half but we feel very confident that we will be able to expand further, he told Reuter, shrugging off value-added tax on phone bills. We’re happy that we’ve been able to obtain two new listings in London and Frankfurt which may enhance the value and liquidity for our European investors.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU