BANJA LUKA (Bosnia and Herzegovina), March 5 (SeeNews) – Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said its consolidated net profit increased 5.3% to 106.4 million marka ($60.5 million/54.4 million euro) in 2014.
Total revenues rose 2.9% to 493.3 million marka through December while total costs increased 2% to 375.1 million marka, Telekom Srpske said in a consolidated financial statement sent to the Banja Luka Stock Exchange.
Telekom Srpske is the second-largest telecommunications company in Bosnia. It is majority-owned by Serbian state-controlled Telekom Srbija and has clients mainly in Bosnia’s Serb Republic, which forms Bosnia together with the Muslim-Croat Federation.
Bosnia, a country of 3.8 million, has two other telecom companies, both state-controlled, which operate in the Federation: HT Mostar and BH Telecom.
(1 euro=1.95583 Bosnian marka)