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Hrvatski Telekom 9-mo cons net profit rises 18.6% y/y

Author Radomir Ralev
Hrvatski Telekom 9-mo cons net profit rises 18.6% y/y Author: Hrvatski Telekom. License: All rights reserved.

ZAGREB (Croatia), October 31 (SeeNews) - Croatia's biggest telecoms operator, Hrvatski Telekom [ZSE:HT-R-A], said on Wednesday its nine-month consolidated net profit increased 18.6% on the year to 872 million kuna ($133.2 million/117.3 million euro).

Consolidated revenues in the nine months through September rose by 2 million kuna to 5.787 billion kuna, Hrvatski Telekom said in a statement.

Earnings before interest, taxes, depreciation and amortisation (EBITDA ) before exceptional items increased 3.5% to 2.427 billion kuna with a margin of 41.9%.

Hrvatski Telekom invested a total of 1.241 million kuna in the first nine months of 2018, mainly in the modernisation of the fixed and mobile network infrastructure, the company said.

"Apart from investments in the modernisation of the fixed and mobile network, until the end of the year, we plan to keep focusing on the growth in all our business segments, development of innovative products and improvement in the quality of service for all our customers," the president of the managing board of the company, Davor Tomaskovic, said.

Hrvatski Telekom is 51%-owned by Deutsche Telekom.

(1 euro = 7.43269 kuna)