Deutsche Telekom Q1 Profit Up, But Outlook Darkens

GEORGE FREY

FRANKFURT (AP) — Deutsche Telekom AG said Tuesday that pretax profits rose in the first quarter, helped by higher sales after the acquisition of a Greek unit, but that it still expected a decline in full year profits due to the world economic crisis.

In a brief statement, Bonn-based Telekom said earnings before interest, taxes depreciation and amortization — a measure of profit before taxes — rose about 3 percent to euro4.8 billion ($6.2 billion) during the January-March period.

It did not provide a figure for net profit, which in the first quarter of 2008 stood at euro924 million. ...