Royal KPN doubled its second-quarter net profit, thanks to the strong performance of its German mobile unit E-Plus, an Associated Press report said.
The report said KPN's second-quarter net profit came in at 464 million euros ($590 million) compared to 230 million euros ($294 million) a year ago, when the profit was hit by several restructuring charges.
Second-quarter sales increased slightly to 2.98 billion euros ($3.8 billion) from 2.95 billion euros ($3.7 billion), with the 4.6% drop in sales at the company's fixed line unit offset by its mobile operations, the report said.
KPN's results were above expectations of analysts who had forecast the company would earn 361 million euros ($459 million) on sales of 3.01 billion euros ($3.8 billion), the report said.
The company also raised its own earnings forecast, saying that earnings before interest, tax, depreciation and amortization would show a low single-digit percentage rise in 2006 compared to 2005. Previously, KPN said EBITDA would be flat, the report further said.