SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  HT Mostar net profit drops 64% y/y to EUR 1.2mn in H1 [IntelliNews - Weekly Reports]

[August 03, 2014]

HT Mostar net profit drops 64% y/y to EUR 1.2mn in H1 [IntelliNews - Weekly Reports]

(IntelliNews - Weekly Reports Via Acquire Media NewsEdge) Bosnian telecommunications operator HT Mostar said its net profit declined 63.5% y/y to BAM 2.4mn (EUR 1.23mn) in the first six months of 2014 as revenues fell faster than expenditures.


Total revenue recorded a 6.5% annual drop to BAM 114.2mn in January-June, the company said on its website. Total expenditures declined by a slower pace of 2.7% y/y to BAM 111.5mn in the reviewed period.

In addition, the company's total assets decreased by 4.2% y/y to BAM 423mn at the end of the first half of the year on a 5.5% y/y drop in the value of fixed assets.

HT Mostar is the smallest of three telecom providers in Bosnia. The other two are BH Telecom  – the largest mobile operator and Telekom Srpske, which is controlled by Serbia's state-owned Telekom Srbija. In 2013, HT Mostar's net profit dropped 19.6% to BAM 14.4mn.

(c) 2014 Emerging Markets Direct Media Holdings LLC Provided by SyndiGate Media Inc. (Syndigate.info).

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.