July 26, 2018 / 5:44 AM / 19 days ago

Dutch telco KPN beats estimates with slight rise in core profit

AMSTERDAM, July 26 (Reuters) - Dutch telecom company KPN said on Thursday its core profit rose 1.3 percent to 577 million euros ($676.8 million) in the second quarter, as cost cuts compensated for lower revenues.

Analysts in a Reuters poll on average predicted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to remain stable at 567 million euros. ($1 = 0.8526 euros) (Reporting by Bart Meijer; Editing by Gopakumar Warrier)

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