BH Telecom records 25% drop in first-half net profit

21 Aug 2014

Bosnian state-owned operator BH Telecom recorded a 25% year-on-year drop in first-half net profit, Reuters reports. With the telco citing the weak economy and increased competition as contributory factors to the decline, it posted a net profit of BAM43.8 million (USD30 million) as revenues fell by 1.2% to BAM268.3 million. ‘The lower profit is an effect of negative macroeconomic trends caused by recession over the previous years in the countries of euro zone and the region that have continued this year,’ the operator was cited as saying.

Bosnia and Herzegovina,BH Telecom,

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