Home Economy Bosnia’s BH Telecom 2013 net profit falls 4.2 %

Bosnia’s BH Telecom 2013 net profit falls 4.2 %


Bosnia’s BH Telecom has posted a 4.2 percent drop in full-year net profit to 116.6 million Bosnian marka ($82.4 million), citing lower prices for international traffic and increased operating costs.

It also said revenue fell 2.1 percent in 2013 from the previous year to 566.8 million marka. The company previously said it expected its performance to pick up this year.

The Sarajevo-based company, which is 90 percent state-owned, operates mainly in the Federation of B&H.

M:tel, owned by Serbia’s state-owned Telekom Srbija and based in the country’s Serb Republic, has reported an 8.6 percent fall in 2013 net profit to 101 million marka, citing worsening economic environment.

Source: Reuters


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