[February 11, 2010] Telenor Q4 net income up Tweet Feb 11, 2010 (Datamonitor via COMTEX) -- Norwegian telecom operator Telenor has posted a net income attributable to equity holders of NOK2.49 billion, or NOK1.51 per basic share, for the fourth quarter of 2009, compared to NOK1.96 billion, or NOK1.18 per basic share, for the fourth quarter of 2008. Revenues in the fourth quarter of 2009 were NOK26.26 billion compared to NOK29.4 billion in the comparable quarter of 2008. Net income attributable to equity holders for the year 2009 was NOK8.98 billion, or NOK5.42 per basic share, compared to NOK13.06 billion, or NOK7.83 per basic share, for the year 2008. For the year 2009, revenues were NOK106.67 billion compared to NOK109.97 billion for the year 2008. Jon Baksaas, president and CEO of Telenor Group, said: "In 2009 the main focus within the Telenor Group has been to secure market positions while scaling our activities to a challenging business environment. The full year results demonstrate our commitment to these priorities. We had a strong operating cash flow in 2009, and the Nordic region was the main contributor with NOK10 billion. "In spite of weak macro economic conditions, our operations in central and eastern Europe have also delivered solid results throughout the year and the Asian operations have shown substantial improvement." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]