Bosnia’s Telekom Srpske net profit soars in 2023

Total operating income added 3.8% on the year to 548.6 million marka in 2023, while operating costs edged up 1.1% to 422.9 million marka, Telekom Srpske said in an annual financial statement filed with the Banja Luka Stock Exchange (BLSE).

Telekom Srpske's shares closed Thursday's trading session on the Banja Luka bourse at 1.24 marka, up 1.64% from the previous day.

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 = 1.956 marka)