© Reuters. FILE PHOTO: Telenor brand is seen displayed on this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
OSLO (Reuters) -Norwegian telecoms operator Telenor on Wednesday reported fourth-quarter core working earnings according to expectations and mentioned it anticipated low single-digit natural gross sales progress in Nordic service revenues in 2024.
Adjusted earnings earlier than curiosity, tax, depreciation and amortisation for October-December rose to eight.5 billion crowns ($804.41 million) from 8.0 billion a yr earlier, whereas analysts in a company-provided ballot on common had anticipated 8.6 billion.
Telenor proposed a dividend of 9.50 crowns per share for 2023, up from 9.40 crowns for 2022.
In 2024, and for its core Nordic markets, the corporate mentioned for the primary time it anticipated low single-digit natural progress in service revenues, mid-single digit natural progress in EBITDA and a capital-expenditure-to-sales ratio of round 17%.
The Norwegian group in December introduced the deliberate sale of its Pakistan unit for five.3 billion crowns.
On Monday Telenor mentioned it could e book an 8.04 billion crown non-cash impairment associated to its stake in True Corp after the share value of the Thai firm had fallen.
($1 = 10.5667 Norwegian crowns)