KPN Posts Q3 Net Loss

Royal KPN NV KKPNY posted a net loss in the third quarter. KPN swung to a net loss of EUR243 million ($332.4 million), versus a year-ago profit of EUR267 million. Its sales fell 7.6% to EUR2.08 billion, while operating profit declined 14% to EUR743 million. KPN shares closed at $3.00 yesterday.
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