Deutsche Telekom (DTEGY.PK) reported that its first-quarter net profit increased to 3.1 billion euros from 787 million euros, prior year. EBIT increased to 4.5 billion euros from 1.5 billion euros. Earnings per share was 0.68 euros compared to 0.17 euros. In the first quarter of 2016, EBIT and net profit benefited from two special factors: non-cash income of 2.5 billion euros from the sale of stake in the EE joint venture to BT; and the book gain of 0.4 billion euros from the exchange of spectrum licenses in the United States. Adjusted for special factors, net profit rose 1.1% 1.0 billion euros.
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