Deutsche Telekom sees profits fall on big charges


  • TECH
  • Thursday, 11 Aug 2016

epa04882443 A general view of the T-Online headquarters in Darmstadt, Germany, 13 August 2015. Deutsche Telekom has sold the most-used German web portal T-Online to marketing company Stroeer. EPA/ANDRE HIRTZ

BERLIN: German telecoms heavyweight Deutsche Telekom reported a slide in net profits in its second quarter, with one-off charges offsetting growth in the key US market. 

Net profits fell 12.8% compared with April to June last year to €621mil (RM2.77bil) after the group booked charges related to staffing cuts. 

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