Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

O2 Czech Republic second-quarter net profit down 5.4%, beats forecasts

Euronews logo
Text size Aa Aa

PRAGUE (Reuters) – Fixed and mobile operator O2 Czech Republic <SPTT.PR> posted a 5.4% drop in net profit for the second quarter, beating expectations of a 9% drop, the company said in a filing on Friday.

The company, majority-owned by the richest Czech businessman Petr Kellner’s PPF group, reported a 13.6% rise in earnings before interest, tax, depreciation and amortisation, versus expectation of a 9% rise, according to a Reuters poll.

It said revenue rose 3.6 percent to 9.75 billion crowns.

Commenting on figures for the first half, the company said its revenue growth was driven by an uptick in fixed-line customers, while net profit was hit by amortisation and depreciation from higher investments.

(Reporting by Jan Lopatka)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.