TeliaSonera: 1.69 billion euros in profit out of a 2.99 billion euro revenue (2013) I'm having trouble believing those numbers. I found a source that agrees w

TeliaSonera: 1.69 billion euros in profit out of a 2.99 billion euro revenue (2013) I'm having trouble believing those numbers. I found a source that agrees with you [1] but Bloomberg charts show only a ~10% profit margin. [2] I wonder if the reporter in [1] confused annual revenue with quarterly revenue from this Bloomberg article. [3] EDIT: The reporter in [1] isn't wrong, but people misreading the first paragraph is probably the source of the confusion spreading across the Internet. Read down a few paragraphs and they compare 4th quarter net profit to 4th quarter revenue, which is roughly 10%. Also, here is the profit & loss statement from 2013. [4] Annual revenue is about 104 billion kronor, net income is about 15 billion kronor. [1] http://www.thelocal.se/20140130/beleaguered-teliasonera-took-profit-tumble-in-2013 http://www.thelocal.se/20140130/beleaguered-teliasonera-took... [2] http://www.bloomberg.com/quote/TLSN:SS http://www.bloomberg.com/quote/TLSN:SS [3] http://www.bloomberg.com/news/2014-01-30/teliasonera-profit-misses-estimates-on-falling-broadband-mobile.html http://www.bloomberg.com/news/2014-01-30/teliasonera-profit-... [4] http://markets.ft.com/research/Markets/Tearsheets/Financials?s=TLSN:STO&subview=IncomeStatement http://markets.ft.com/research/Markets/Tearsheets/Financials...