BH Telecom reports increased net profit in 2015 despite lower revenue

4 Mar 2016

Bosnian multi-service provider BH Telecom has revealed that its pre-tax net profit for the year ended 31 December 2015 was BAM89.9 million (USD50 million), representing a 1.3% increase against the previous fiscal year. According to Reuters, the telco’s revenues fell by 4.8% year-on-year to BAM542 million, though EBITDA was up by 5% in FY 2015 at BAM209.8 million, with costs declining by 32% to BAM334.1 million.

Commenting on both the annual financial performance and the year ahead, BH Telecom’s general manager Mirsad Zaimovic was cited as saying: ‘We achieved a better result last year thanks to more effective cost managing and we are again Bosnia’s telecoms market leader … Our goal this year is to stabilise and maintain the leader’s position.’

Bosnia and Herzegovina,BH Telecom,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share