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Healthcare

Telenor warns on 2020 revenue, profit despite solid Q1

OSLO, April 28 (Reuters) - Norway’s Telenor warned on Tuesday that 2020 revenue and earnings will fall short of the telecom firm’s own guidance, hit by the coronavirus pandemic, while posting first-quarter operating profits slightly ahead of forecasts.

January-March earnings before interest, tax, depreciation and amortisation (adjusted EBITDA) rose 13.7% year-on-year to 14.1 billion Norwegian crowns ($1.34 billion), while analysts in a Refinitiv poll on average expected profits of 13.81 billion. ($1=10.5186 Norwegian crowns) (Reporting by Victoria Klesty and Terje Solsvik; Editing by Clarence Fernandez)

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