Bosnia’s Telekom Srpske net profit up 17% y/y in Q1

Total operating went up 8.5% year-on-year in the January-March period, reaching 120.1 million marka, whereas total operating costs rose 6.5% to 94.3 million marka, Telekom Srpske said in an interim financial statement filed with the Banja Luka Stock Exchange (BLSE).

Telekom Srpske's shares closed Tuesday's trading session on the Banja Luka bourse at 1.38 marka, up 0.73% 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)