BANJA LUKA (Bosnia and Herzegovina), May 10 (SeeNews) – Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said its consolidated net profit declined slightly to 11.1 million marka ($6.2 million/5.7 million euro) in the first quarter of 2017 from 11.9 million marka a year earlier.
Total operating revenues dropped 6.5% to 102.4 million marka in the three months through March, Telekom Srpske said in its Q1 2017 consolidated financial statement posted on the corporate website.
The company had 252,600 fixed-line customers at the end of March, down from 256,012 at the end of 2016, while the number of its Internet customers plummeted 23.4% to 137,026. Mobile customers dropped 2.9% from end-2016 to 1,278,682 at the end of the first quarter.
Telekom Srpske is the second-largest telecommunications company in Bosnia. It is majority-owned by Serbian state-controlled Telekom Srbija and has clients mainly in Bosnia’s Serb Republic, 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 Bosnian marka)