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OSLO: Norwegian telecoms operator Telenor on Wednesday reported third-quarter core earnings above forecasts thanks to a one-off gain in Pakistan and reiterated that its full-year profit was expected to be in line with last year.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for July-September rose 1.6% year-on-year to 13.06 billion Norwegian crowns ($1.26 billion), while analysts on average had expected 12.51 billion crowns.

The operator, which has around 175 million customers in eight countries across the Nordic region and Asia, last month issued a profit warning for 2022 citing spiralling energy costs.

Telenor reports Rs26.7bn revenue

“For the Group, high energy prices, especially in Norway, Denmark and Pakistan, continue to be a headwind,” Chief Executive Sigve Brekke said in a statement on Wednesday.

“However, the negative effects are, this quarter, countered by a reversal of sim tax provision in Pakistan.”

The company last month also announced a restructuring of its Nordic business and a potential listing of its Asian unit.

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