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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (2837)	3/11/2003 10:17:53 PM
From: Eric L	Respond to of 9255

TIM Profitability Looking pretty good: * The TIM group had 39.1m mobile subscribers, an increase from last year of 12.2 per cent >> TIM Reports Net Profit Increase of 22.6%. Italian mobile operator Telecom Italia Mobile (TIM) has reported an increase in net profit E1.165bn, or 22.6 per cent. The operator had a one-off charge of E1.41bn for the write-off of its holding in Aria IS-TIM, a Turkish mobile operator, as well as for the write-downs for the company’s shares in Digitel Venezuela and Maxitel Brazil. The company made gains over the course of the year by selling off its holdings in Bouygues Télécom, Mobilkom Austria and Auna, a Spanish operator. Excepting all this, the company said its profits would have grown by 19.3 per cent, posting profits of E10.87bn for 2002, an increase of six per cent on 2001. As of December 31, 2002, the TIM group had 39.1m mobile subscribers, an increase from last year of 12.2 per cent. << >> TIM Board approves 2002 Results March 11, 2003 Telecom.paper The Board of Directors of Telecom Italia Mobile, chaired by the Chief Executive Officer Marco De Benedetti, has examined and approved the results for fiscal year 2002 TIM Group. In the 2002 fiscal year the consolidated revenues of the TIM Group amounted to EUR 10,867 million representing a 6% growth with respect to the 2001 fiscal year (EUR 10,250 million). Gross operating profit amounted to EUR 5,039 million, representing a 5.9% increase with respect to the preceding fiscal year (EUR 4,760 million). << - Eric -