You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bosnia's BH Telecom posts slightly higher H1 net profit

Bosnia's BH Telecom posts slightly higher H1 net profit Photo: All Rights Reserved

SARAJEVO (Bosnia and Herzegovina), August 3 (SeeNews) - Bosnia’s state-controlled BH Telecom [SAJ:BHTS] said its net profit inched up 1.5% year-on-year to 25.3 million marka ($13.2 million/12.9 million euro) in the first half of 2022.

Operating income rose 7.5% on the year to 232.3 million marka in the six months under review, BH Telecom said in its first-half 2022 financial statement filed with the Sarajevo Stock Exchange earlier this week.

The telco's operating costs rose 6.7% year-on-year in the first half of 2022, to 199.3 million marka.

BH Telecom's shares closed 2.19% higher at 14.17 marka on the Sarajevo bourse on Tuesday. They did not trade by 10:27 CET on Wednesday.

BH Telecom is the largest of three telecommunications companies operating in Bosnia, which comprises two autonomous entities, the Federation and the Serb Republic.

BH Telecom is based in Bosnia's capital Sarajevo and has its customers mainly in the Federation. The company offers fixed and mobile voice services and Internet access.

The other two Bosnian telcos are HT Mostar, which is active in the Federation, and Telekom Srpske which operates in the Serb Republic.

(1 euro = 1.95583 marka)