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Nov 01, 2017 11:38 EEST
November 1 (SeeNews) - Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said on Wednesday its consolidated net profit fell 10.6% on the year to 45.9 million marka ($27.3 million/23.5 million euro) in the first nine months of 2017.
Total consolidated operating income dropped 3.6% in the nine months through September to 332.7 million marka, of which 321.6 million marka was raised from the sale of goods and services, down 4.9% on the year, Telekom Srpske said in a consolidated financial statement filed with the Banja Luka Stock Exchange.
The company's total consolidated operating expenses fell to 284.1 million marka in January-September from 289.0 million marka a year earlier.
On September 30, Telekom Srpske had 241,581 fixed-line subscribers, down from 256,012 at the end of 2016, while mobile subscriptions rose to 1.33 million from 1.32 million.
Telekom Srpske's Internet services were subscribed to by 139,321 users as of end-September, down sharply from 178,924 at the end of last year.
The company employed 2,235 people at the end of September, slightly down from 2,250 at the end of December.
Telekom Srpske is the second-largest telecommunications company in Bosnia. It is majority-owned by Serbian state-controlled Telekom Srbija and has clients mainly in Bosnia’s Serb Republic entity, which forms Bosnia together with the Federation of Bosnia and Herzegovina.
Bosnia, a country of some 3.5 million, has two other telecommunications companies, both state-controlled, which operate in the Federation: HT Mostar and BH Telecom.
(1 euro=1.95583 Bosnian marka)
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