May 4 (SeeNews) - Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said its net profit rose 42.9% year-on-year in the first quarter of 2022, reaching 18.4 million marka ($9.9 million/9.4 million euro).
Total operating income added 7.7% on the year to 110.3 million marka in January-March, while operating costs rose 4.2% to 87.7 million marka, Telekom Srpske said in an interim financial statement filed with the Banja Luka Stock Exchange (BLSE) on Tuesday.
Telekom Srpske's shares traded 0.66% higher at 1.52 marka by 10:43 CET on the BLSE on Wednesday.
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 state-controlled - BH Telecom and HT Mostar.
(1 euro = 1.95583 marka)