BANJA LUKA (Bosnia and Herzegovina), August 1 (SeeNews) – Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said its consolidated net profit dropped to 16.2 million marka ($9.2 million/8.3 million euro) in the first half of 2019, from 21.8 million marka in the like period of last year.
Total operating income increased 6.3% on the year to 226.4 million marka in the six months through June, while operating costs added 8.8% to 207.2 million marka, Telekom Srpske said in an interim consolidated financial statement filed with the Banja Luka Stock Exchange on Wednesday.
Telekom Srpske is the second-largest telecommunications company in Bosnia. It is majority-owned by Serbian state-controlled Telekom Srbija and has its customers mainly in Bosnia’s Serb Republic entity, which forms Bosnia together with the Federation.
Bosnia, a country of 3.8 million, has two other telecommunication companies, both state-controlled - HT Mostar and BH Telecom.
(1 euro = 1.95583 marka)