KPN profit rise of 11% beats forecasts

 

DUTCH post and telecommunications group Koninklijke PTT Nederland (KPN) has reported an 11 per cent rise in net profit in 1995 and forecast further growth in the coming year, fuelled by acquisitions. KPN, along with the Swedish company Telia, is one of the bidders for a 35 per cent stake in Telecom Eireann.

Net profits rose to 2.26 billion guilders (£87 million) in 1995 from 2.04 billion beating most analysts' forecasts.