May 5 (SeeNews) - Montenegro's Crnogorski Telekom [MNG:TECG] recorded a net profit of 785,945 euro ($832,157) in the first quarter of 2022, up from 433,440 euro in the like period of last year, the company said.
Revenue increased by 2.6% on the year to 18.3 million euro, while operating costs edged up 0.5% to 16.7 million euro, the telecommunications company said in a bourse filing.
The number of postpaid customers increased by 7% to 266,000, while mobile Internet users rose by 10% to 224,000, Crnogorski Telekom added.
"We strive to build a company in which both our customers and our employees will have everything they need available in a few clicks, because only by digitising processes from both ends can we speed up processes and achieve good business results. Only satisfied employees can lead to satisfied customers," CEO Stjepan Udovicic said.
Croatia's biggest telecoms operator, Hrvatski Telekom [ZSE:HT-R-A] controls 76.53% of Crnogorski Telekom.
($ = 0.94446 euro)