Monday, June 14, 2021 | Dhu al-Qaadah 3, 1442 H
clear sky
weather
OMAN
31°C / 31°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Deutsche Telekom rings up big profits

1257159
1257159

Berlin: German telecoms giant Deutsche Telekom on Thursday announced a big jump for its 2017 net profit, as a tax bump from the United States helped offset record investments in fibre-optic infrastructure. Profit lept by 29.4 per cent to 3.46 billion euros ($4.2 billion) for the year, thanks partly to one-off tax savings of 1.7 billion euros resulting from reforms pushed through by US President Donald Trump in December.


By comparison, the German group’s 2016 profits had been dragged down by a decline in the BT share price and in the pound sterling following the UK’s vote to leave the European Union. — AFP


SHARE ARTICLE
Most Read
No Image
Oman announces vaccination plans for June, July Digital vaccine passport, next travel document The Chedi Muscat makes official statement Riyada clarifies on expatriate permit fees
FOLLOW US
arrow up
home icon