Bosnia's Telekom Srpske 9-mo Cons Net Profit Falls 9.1% to 84.2 Mln Marka (43.1 Mln Euro)

The company boosted its consolidated operating income by an annual 5.7% to 369.5 million marka through September, it said in a statement sent to the Banja Luka Stock Exchange.

Telekom Srpske’s consolidated operating expenses totalled 273.5 million marka in the first nine months, up from 243.6 million a year earlier.

At the end of September, Telekom Srpske had a total of 359,784 fixed-line telephony subscribers, 1,201,600 mobile users and 88,344 Internet clients.

The company's shares were traded at 1.48 marka by 1340 GMT on Wednesday, up 0.68% from Tuesday's close.

Telekom Srpske, majority-owned by Serbia’s state-controlled telco Telekom Srbija, has clients mainly in Bosnia’s Serb Republic, which together with the Muslim-Croat Federation forms post-war Bosnia.

The country has two other telecoms companies, both state-controlled: the biggest one, BH Telecom, and a smaller company, HT Mostar. They operate in the Federation.

(1 euro=1.9558 Bosnian marka)