Massive losses...
By Jon Bernstein, 19 March 2002 09:54
NEWS Dutch telecommunications group, KPN reported a E7.5bn (£4.7bn) loss yesterday making corporate history of an unfortunate kind. The multi-billion euro loss is the biggest ever recorded by a Dutch company. KPN shares remained stable despite the news, however. Investors are encouraged by the company's recovery plan. KPN is forecasting single-digit revenue growth this year.
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