Telekom Srpske records increased profit in 1Q15

1 May 2015

Telekom Srpske, which offers its telecoms services under the m:tel banner, has unveiled its financial results for the three months ended 31 March 2015, Reuters reports, with the telco recording a 2.6% year-on-year increase in profit to BAM22.6 million (USD13 million). Attributing the improved bottom line to an increase in the number of both mobile and broadband subscribers, the telco also reported higher revenues for the period under review, with turnover standing at BAM109.9 million in 1Q15, though this was up only marginally from BAM109.2 million a year earlier. Operating costs meanwhile declined by BAM500,000 to BAM85 million in the first three months of 2015.

Bosnia and Herzegovina,Telekom Srpske (m:tel),

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