BERLIN (dpa-AFX) - German telecommunications firm Deutsche Telekom has
seen its net profit plunge 87.1% to ?1.98 billion ($2.15 billion) in
the first quarter, down from ?15.36 billion in the same period last
year, the company announced on Thursday.

Earnings per share dropped to ?0.4 from ?3.09 last year, the company
said.

Last year's result benefited from a special factor resulting from the
sale of the majority stake in GD Towers.

Adjusted net profit was ?2.24 billion in the first quarter, compared
to ?1.96 billion last year.

Adjusted earnings per share were ?0.45, compared to prior year's
?0.39.

Deutsche Telekom said net revenue edged up 0.4% to ?27.94 billion
from last year's ?27.84 billion. Net revenues grew 1.6% in organic
terms.

Looking ahead for fiscal 2024, Deutsche Telekom confirmed its
guidance outside the United States, while T-Mobile US raised its
guidance slightly.

Adjusted earnings per share is expected to be more than ?1.75, up
from ?1.6 in 2023.


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