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Crnogorski Telekom 2013 net profit edges down 5.5%

Crnogorski Telekom 2013 net profit edges down 5.5%

PODGORICA (Montenegro), February 28 (SeeNews) – Montenegrin telecommunications company Crnogorski Telekom said on Friday its net profit fell to 18.8 million euro ($25.7 million) in 2013 from 19.9 million euro a year earlier.

Revenues fell by an annual 3.6% to 110.2 million euro in 2013, mainly due to lower income from interconnection and retail voice services, Crnogorski Telekom said in a statement on its website.

($=0.7321 euro)

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