BANJA LUKA (Bosnia and Herzegovina), October 31 (SeeNews) – Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said on Friday its consolidated net profit rose to 86.8 million marka ($56.2 million/44.4 million euro) in the first nine months of 2014 from 78.7 million marka a year ago.
Total revenues increased 3.1% to 371.1 million marka through September while total costs rose 0.7% to 274.6 million marka, Telekom Srpske said in a consolidated financial statement filed with the Banja Luka Stock Exchange.
Telekom Srpske's mobile subscribers fell 2.1% from end-2013 to 1.405 million at the end of September. Fixed-line customers dropped 2.9% compared to the end of 2013 to 282,987, whereas Internet customers rose 2.4% to 164,879 by the end of September. The company was providing integrated services to 64,585 users at the end of the review period, up from 56,698 at the end of last year.
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, which forms Bosnia together with the Muslim-Croat Federation.
Bosnia, a country of 3.8 million, has two other telecom companies, both state-controlled, which operate in the Federation: HT Mostar and BH Telecom.
(1 euro=1.95583 Bosnian marka)