September 7 (SeeNews) - Serbian state-controlled telecom operator Telekom Srbija said on Tuesday it recorded a consolidated net profit of 4.16 billion dinars ($41.8 million/35.3 million euro) in 2020, versus 2.47 billion dinars in the previous year.
Telekom Srbija's operating revenue rose 3.3% last year to 138.1 billion dinars, and earnings before interest, taxes, depreciation and amortisation (EBITDA) went up by 2.1% to 49.4 billion dinars, the consolidated report of the company, posted on its corporate website, shows.
The investments made by Telekom Srbija last year declined by 25% to 56.4 billion dinars, the company said.
"The main driver of our financial results in 2020 was the growth of Internet revenues by 13% and multimedia revenues by 22%. Most importantly, we made the position of Telekom Srbija dominant in Serbia, Bosnia and Herzegovina and Montenegro," CEO Vladimir Lucic noted.
The Serbian company is the majority owner of Bosnia's Telekom Srpske [BANJ:TLKM-R-A], and controls also Montenegrin mobile operator Mtel.
(1 euro = 117.769 dinars)
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