April 28 (SeeNews) - Croatia's biggest telecommunications operator, Hrvatski Telekom [ZSE:HT-R-A], said on Friday its consolidated net profit, after minority interests, increased 9.5% on the year to 149 million kuna ($21.7 million/19.9 million euro) in the first quarter of 2017.
Consolidated revenues in the three months through March expanded 8.7% on the year to 1.8 billion kuna, Hrvatski Telekom said in a statement.
Revenue was boosted by the consolidation of Montenegrin peer Crnogorski Telekom, which Hrvatski Telekom acquired
in January, and by the growth of key segments including mobile operations, broadband access and television, wholesale and energy.
Hrvatski Telekom is 51%-owned by Deutsche Telekom.
(1 euro=7.46983 Croatian kuna)