Bosnias Telekom Srpske H1 net profit up 3% y/y to EUR 26mn.

By bne IntelliNews August 1, 2012
Bosnias Telekom Srpske reported a 3% annual increase in its six-month consolidated net profit to BAM 51mn (EUR 26mn). The companys January-June consolidated financial statement filed with the Banja Luka bourse showed that its total operating revenue rose to BAM 235mn in the first half of 2012 from BAM 231mn a year earlier. Its total operating profit over the period also rose, to BAM 58.6mn from BAM 55.8mn in Jan-Jun 2011. Telekom Srpske is one of the three telecommunication firms active in Bosnia. It provides mobile and fixed telephony, internet and data transmission under its corporate brand m:tel. The number of m:tels mobile users fell to 1.37 million at end-June from 1.38 million at the end of 2011. The company had a total of 313,000 of pre-paid fixed telephony customers at the end of the second quarter versus 320,131 at the end of last year, while the number of its internet users rose to 147,599 from 141,125 at end-December. m:tel said that the number of its integrated OPEN service, which comprises fixed telephony, ADSL and IPTV, jumped to 32,114 at end-June from 23,113 at end-2011.
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