UK markets close in 6 hours 2 minutes
  • FTSE 100

    7,006.95
    +9.68 (+0.14%)
     
  • FTSE 250

    17,549.64
    -83.00 (-0.47%)
     
  • AIM

    815.76
    -0.44 (-0.05%)
     
  • GBP/EUR

    1.1426
    +0.0028 (+0.24%)
     
  • GBP/USD

    1.1208
    +0.0040 (+0.36%)
     
  • BTC-GBP

    17,852.68
    -224.19 (-1.24%)
     
  • CMC Crypto 200

    455.30
    -7.82 (-1.69%)
     
  • S&P 500

    3,744.52
    -38.76 (-1.02%)
     
  • DOW

    29,926.94
    -346.93 (-1.15%)
     
  • CRUDE OIL

    89.00
    +0.55 (+0.62%)
     
  • GOLD FUTURES

    1,722.30
    +1.50 (+0.09%)
     
  • NIKKEI 225

    27,116.11
    -195.19 (-0.71%)
     
  • HANG SENG

    17,740.05
    -272.10 (-1.51%)
     
  • DAX

    12,484.92
    +14.14 (+0.11%)
     
  • CAC 40

    5,942.43
    +6.01 (+0.10%)
     

Norway's Telenor Q2 beat forecasts, eyes control on costs

·1-min read
Illustration shows Telenor logo

OSLO (Reuters) -Norwegian telecoms operator Telenor on Tuesday reported second-quarter earnings slightly above forecasts and reiterated its outlook, though it will try to bring rising costs under control in the second half of the year.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for April-June rose 1.2% year-on-year to 12.5 billion crowns ($1.24 billion), while analysts in a poll compiled by the company on average had expected 12.0 billion crowns.

The company said it was seeing uncertainty related to high inflation and high energy prices.

"In the second quarter, we have implemented initiatives, both on revenue and EBITDA, which are expected to contribute to performance in the second half of the year," it said in a statement.

The Telenor group, which has 175 million subscribers, gets about half its revenue from Asia and the rest from the Nordic region.

(Reporting by Gwladys Fouche; Editing by Christopher Cushing and Kim Coghill)