March 6 (SeeNews) - Bosnia and Herzegovina’s Telekom Srpske [BANJ:TLKM-R-A] said its consolidated net profit rose 16.2% year-on-year in 2022, reaching 85 million marka ($46.2 million/43.5 million euro).
Total operating income added 2.6% on the year to 528.5 million marka in 2022, while operating costs edged down 0.9% to 418.3 million marka, Telekom Srpske said in an annual financial statement filed with the Banja Luka Stock Exchange (BLSE) last week.
Telekom Srpske's shares traded flat at 1.68 marka on the BLSE by on 11:55 CET on Monday.
Telekom Srpske, majority-owned by Serbian state-controlled Telekom Srbija, has customers mainly in the Serb Republic, one of Bosnia's two constituent entities. The other entity is the Federation.
Bosnia, a country of 3.3 million, has two other telecommunications companies, both based in the Federation - BH Telecom and HT Mostar.
(1 euro = 1.95583 marka)