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. Last Updated: 07/27/2016

Telekom AG Profits

BONN, Germany -- Germany's Deutsche Telekom AG on Tuesday reported group net profit of 1.8 billion marks ($1.1 billion) in 1996 on group sales of 63.1 billion marks, figures analysts said were better than expected.

Europe's largest telecommunications company released the figures ahead of its first results news conference since the government sold a 25 percent stake in Telekom in November. Analysts said the strong figures should propel the share price higher. Telekom AG said its profit on ordinary activities in 1996 was 6.6 billion marks.