India, April 26 -- KPN (KKPNY.PK, KPN) reported that its first-quarter net profit was down 10% year-over-year impacted by 23 million euros higher restructuring costs, partly offset by lower net finance costs and lower income taxes. Adjusted EBITDA after leases was in line with last year, and the company is confident to deliver on its full-year outlook. Adjusted revenues were down 2.9%, which was offset by savings from accelerated simplification and digitalization.
For the first-quarter, net profit was 89 million euros compared to 99 million euros, a year ago. Group operating profit (EBIT) decreased 12% to 189 million euros. Adjusted EBITDA after leases were down 0.3% to 563 million euros.
For the first-quarter, KPN Group adjusted revenues...