World VoIP NewsSwisscom reports y-e resultsSwisscom reports y-e results

Swisscom reports y-e results


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Swisscom said increasing competition will keep its sales and profit under pressure in 2010, after it posted a rise in 2009 profits when lower depreciation charges helped to offset weaker domestic demand.
Swisscom said increasing competition will keep its sales and profit under pressure in 2010, after it posted a rise in 2009 profits when lower depreciation charges helped to offset weaker domestic demand.

Swisscom said revenue fell by 1.6% in 2009 to CHF12 billion (USD8.59 billion) while full year net profit rose to CHF1.925 billion, helped by a reduction in depreciation and exceptional items relating to the termination of long-term lease agreements in the previous year. The group's fourth quarter profit was CHF401 million. Swisscom's Italian subsidiary Fastweb reported a net profit of EUR35.6 million (USD48.6 million) for 2009.


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