Royal KPN NV KKPNY posted a 63% decline in its Q4 profit and lowered its 2012 forecast.
KPN's net profit dropped to EUR176 million, versus EUR475 million, in the year-ago period. Its sales declined to EUR3.38 billion from EUR3.39 billion. However, earnings before interest, taxes, depreciation and amortization fell 3.2% to EUR1.32 billion
KPN shares closed at $11.28 yesterday.
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