Telecom Italia Backs Guidance; 1st Half Revenues Slipped
August 02 2019 - 01:52AM
Dow Jones News
By Anthony Shevlin
Telecom Italia SpA (TIT.MI) backed its outlook for the year
despite a drop in first-half revenue as its profit rose on
non-recurring income.
The Italian company said reported profit for the first half was
551 million euros ($609.2 million) compared with EUR532 million the
year prior. The company said it benefited from nonrecurring net
income of EUR53 million.
Revenue for the first half fell to EUR8.99 billion from EUR9.41
billion.
Telecom Italia backed its outlook for the rest of the year and
said the results in the second quarter were in line with
expectations.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
August 02, 2019 01:37 ET (05:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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