Bosnias BH Telecom 2011 net profit slides to EUR 68.7mn.

By bne IntelliNews May 14, 2012
Bosnias biggest telecommunication firm, BH Telecom, said its net profit fell 2.4% to BAM 134mn (EUR 68.7mn) last year. The companys operating revenue rose to BAM 583mn from BAM 580mn in 2010, while its revenue increased to BAM 441mn in 2011 from BAM 420mn a year earlier, its financial statement posted on the securities commissions website showed. BH Telecoms total assets climbed 1.8% on the year to BAM 1.48bn at end-2011. The company is 90%-owned by Bosnias Federation government, while the remainder belongs to smaller shareholders. The operators competitors in Bosnia are Telekom Srpske and HT Mostar.

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