Telecom firm Telenet<\/a> reported core profit fell 3% in the first half of the year, citing the impact of inflation<\/a> and higher energy prices.
The group reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA<\/a>), at 670.6 million euros ($684.1 million) for the six months ended June 30.
Net profit jumped 275% to 793.4 million euros, driven by the sale of Telenet's telecommunications tower business.
Telenet confirmed its full-year outlook and expects a stronger second half both in terms of revenue and adjusted EBITDA.
($1 = 0.9803 euros)
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