February 28 (SeeNews) - Digi Communications [BSE: DIGI], majority owner of Romanian company RCS&RDS, said on Tuesday that its revenue rose 2.7% on the year to 1.51 billion euro ($1.6 billion) in 2022.
The company's operating profit decreased to 149 million euro in 2022, compared to 185.6 million euro a year prior, Digi said in a preliminary annual financial statement filed with the Bucharest Stock Exchange, BVB.
Digi's adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) edged down 0.5% to 428.4 million euro in 2022.
RCS&RDS, founded by Romanian businessman Zoltan Teszari, comprises two companies - Romanian Cable Systems (RCS) founded in 1994, and Romanian Data Systems (RDS) founded in 1998. Its parent company, Cable Communication Systems, now Digi Communications N.V., indirectly operates telecommunications groups in Spain and Italy through RCS&RDS.
Digi is a member of the BVB's blue-chip BET and BET-TR indices. Its shares traded flat at 33 lei ($7.11/6.70 euro) as at 1157 CET on Tuesday.
($=0.941872 euro)