Telia Sonera profits up

Swedish-Finnish telecoms operator Telia Sonera has posted pre-tax profits of 7.524 billion kronor for the third quarter. The results are up on those for the third quarter of 2005, when profits stood at 5.524 billion kronor.

Turnover stood at 23.157 billion kronor, compared to 22.229 billion during the same period last year.

CEO Anders Igel described himself as “satisfied and proud” following the release of the results.

“This is the best quarter ever,” he said.

“All our units have contributed to improving the result. And we still have great potential to further develop the company,” he said.

Telia Sonera’s board has also decided to distribute a further 10 billion kronor to shareholders in the form of an extra dividend, taking the total to 20 billion extra. Igel said he did not envisage the dividend restricting Telia Sonera’s room for manoeuvre.

The company is not changing its prognosis for the full year, in which it predicts a continued volume increase within both mobile and broadband and pre-tax profits that beat those for 2005.

Sales in the company’s Swedish arm fell during the quarter from 9.509 billion kronor to 9.205 billion, mainly as a result of pressure on prices in all product area.