Deutsche Telekom AG (ETR: DTE) drops lower and lower against the background of profit decline

Deutsche Telekom's net profit fell to 475 million euros

In brief: Deutsche Telekom AG (ETR: DTE) stocks continue to lose in price due to poor reporting today.

Deutsche Telekom AG (ETR: DTE) to mark down 10.44 points, losing -0.06 points (-0.57%) since the start of trading. Deutsche Telekom, Germany’s largest telecommunications company, reported that in the II quarter of this year its profit rose by 20.5% to 722 million euros against 599 million euros during the same period a year earlier.

Net profit of Deutsche Telekom with the activities of T-Mobile UK in II quarter has decreased on 8,8%, to 475 million euros. Revenues decreased by 4,4% and amounted to 15.531 billion euros. Deutsche Telekom’s net profit for the first half of 2010 amounted to 1,24 billion euro against net loss of $ 603 million for the same period a year earlier. The analytics see further negative trend.

Igor Tringlers
2010-08-05 08:57, Economics.

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