Makkah emir reassures excellent services for pilgrims Deputy emir meets Hajj minister in Arafat    Security forces utilize AI to manage Hajj pilgrimage    Zelensky seeks show of support at giant Ukraine peace summit    G7 leaders accuse China of 'enabling' Russia war on Ukraine in stark warning    Full-blown Israel-Hezbollah war appears to be more likely, analysts say    Cyril Ramaphosa re-elected South African president    A glimpse into the Jamarat: Ensuring a safe and sacred ritual for pilgrims    Hajj pilgrims advised on safe practices for stoning    Saudi-based Shine Event Staffing wins Best Staffing Agency at the Middle East Event Awards 2024    IMF forecast: Saudi unemployment rate hits historic lows; non-oil growth to reach 3.5% in 2024    Tesla investors back $56bn Musk pay deal    Japanese band pulls music video with ape-like natives    Aramco and NextDecade set preliminary terms for long-term LNG agreement    BTS' Jin to hug 1,000 fans as he returns from army    The hit Thai film moving TikTokers to tears    Iconic French singer Françoise Hardy dies aged 80    Mahd Sports Academy appoints Mike Puig as Deputy CEO for Sports    Saudi national football team wins 3-0 against Pakistan in World Cup qualifiers    Embracing change: A journey towards inner peace    Cristiano Ronaldo hails 2023-24 RSL season as 'one of the best' of his career    Germany's head coach blasts public broadcaster for 'racist' survey    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Telia Sonera posts strong 2004 results =
Published in Saudi Press Agency on 10 - 02 - 2005

Telecommunication company Telia Sonera posted a strong profit for 2004 but announced plans to restructure operations to cope with tough market competition, the group reported Friday.
The group posted net sales of 81.94 billion kronor (11.60 billion dollars) for 2004 compared with net sales of 81.77 billion kronor for 2003.
Net income for 2004 totalled 12.96 billion kronor, up from 7.67 billion kronor in 2003.
"We are pleased to announce a record high result at the same time as we have maintained or improved our market positions and managed to make some targeted key acquisitions," said Chief Executive Officer Anders Igel.
Telia Sonera was formed through the December 2002 merger of Sweden's Telia and Finland's Sonera.
Management planned to restructure operations with savings of some 5-6 billion kronor during the coming three years, Telia Sonera said.
Some 650 jobs were to go in Finland, while the statement did not specify how many jobs would be affected in Sweden.
In its forecast, Telia Sonera said the group expected strong price pressure in the coming years, and "strong migration from fixed to mobile and Internet-based services".
Strong growth was also expected in Eurasia, Russia and Turkey.
The number of customers totalled 63 million in Telia Sonera and its associated companies, a 30 per cent increase on 2003, the group said.
In addition to Sweden and Finland, Telia Sonera also has operations in Norway, Denmark, the Baltic states, Russia and Turkey.


Clic here to read the story from its source.