KPN Posts Narrower Q4 Loss

Royal KPN NV KKPNY reported a narrower net loss for its fourth quarter. KPM posted a quarterly net loss of EUR37 million ($42 million), versus a year-ago net loss of EUR108 million. Its revenue gained 2.1% to EUR2.1 billion, while adjusted earnings before tax, interest, depreciation and amortization declined 3% to EUR669 million ($768 million). Analysts were expecting EBITDA of 641 million euros. KPN also announced its plans to pay a dividend of EUR0.07 a share for 2014.