AMSTERDAM: Dutch telecoms group KPN reported yesterday a record 2002 net loss of 9.54 billion euros, but posted a robust core profit that underlined its strong operational performance last year.
Despite posting the biggest corporate loss ever by a Dutch company due to huge charges mainly related to its mobile business, KPN beat its own forecast for core earnings before interest, tax, depreciation and amortisation (EBITDA), which rose 22% to 4.38 billion euros.
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