TELE2 AB Q1 Earnings Rise

reported a rise in its net profit for the first quarter. Its revenue rose 6 percent to SEK6.51 billion ($747 million), while earnings before interest, taxes, depreciation, and amortization jumped 5 percent year-over-year to SEK1.43 billion. Tele2's quarterly net profit climbed to SEK2.23 billion, versus a year-ago profit of SEK475 million. The latest quarter results included SEK1.8 billion in capital gain from sale of Tele2 Norway.