DEUTSCHE TELEKOM FINISHES FIRST QUARTER WITH 18% RISE IN NET PROFIT.
Deutsche Telekom, the world's third biggest telecommunications company, said on April 28 that its net profits were up 18% to 1 billion DM in the first quarter of the year in which the market is opening to full competition. This is, however, a provisional result that cannot be extrapolated over the year 1998 as a whole. The semi-public German group posted a quarterly pre-tax profit of DM 2.4 billion de DM (up 9% on the first quarter of 1997), while its turnover a rose 6.1% to DM 17.3 billion. Deutsche Telekom has...
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