By Dominic Chopping

Norwegian telecoms provider Telenor ASA on Tuesday raised its full-year guidance after seeing a strong performance in the Nordics combined with a growing subscriber base and increased data consumption in Asia.

The company posted a second-quarter net profit attributable to shareholders of 2.19 billion kroner ($244.7 million), from NOK4.43 billion last year. Net profit last year was boosted by a NOK1.7 billion gain from the sale of its Canal Digital subsidiary. Revenue fell 6.3% to NOK27.16 billion.

Analysts polled by FactSet had expected net profit of NOK2.83 billion and revenue of NOK27.84 billion.

The second-quarter mobile subscription base grew by 1.7 million compared with the first quarter, to 170.3 million.

Telenor said the pandemic is still ongoing and continues to impact its operations in Asia, but it expects a gradual recovery in the Asian markets during the second half of the year.

For 2021, Telenor now expects organic subscription and traffic revenue growth of 0%-1% and organic earnings before interest, tax, depreciation and amortization growth of 0%-2%. It had previously expected organic subscription and traffic revenues and Ebitda to remain around 2020 levels.

The capex-to-sales ratio is still seen at 15%-16%.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

07-20-21 0236ET