SARAJEVO (Bosnia and Herzegovina), December 1 (SeeNews) – Bosnian telecoms company HT Mostar said on Tuesday it posted a net profit of 3.78 million marka ($2.9 million/1.9 million euro) in the first half of the year.
The company gave no comparative figures in a statement sent to SeeNews.
HT Mostar had revenue of 118.3 million marka versus 113.6 million marka expenses, resulting in a half-year gross profit of 4.7 million marka, the statement said.
The company assets stood at 453 million marka on June 30, 2009.
HT Mostar stock traded up 4.35% at 12 marka by 1200 GMT on Tuesday.
Last month Croatian media reported the shareholders of HT Mostar had decided to distribute as dividend 4.20 million marka out of the company's 2008 net profit of 4.27 million marka.
HT Mostar has 1,185 shareholders, Croatian news portal Bankamagazine (www.banka.hr) reported . The government of Bosnia’s Muslim-Croat Federation controls a stake of 50.1%, Croatian peer T-HT owns 39.1%, Croatian postal operator Hrvatska Posta owns 5.23% and a stake of 5.57% is in the hands of small shareholders.
HT Mostar is one of three telcos active in Bosnia. State-controlled BH Telecom, the largest in the trio, also operates in the Muslim-Croat Federation, which together with the Serb Republic forms post-war Bosnia. The third telecoms carrier, Telekom Srpske, operates in the Serb Republic.
(1 euro=1.95583 Bosnian marka)