0
General

Telekom Srbija reports 50% drop in net profit in 2012

Monday 22 April 2013 | 09:14 CET | News
Telekom Srbija ended 2012 with a net profit of RSD 11.25 billion, down nearly 50 percent from a year earlier, primarily as a result of increased financial expenses, which jumped nearly four times to RSD 12.5 billion. The financial result is mainly a consequence of long-term liabilities, which increased from RSD 17.3 billion to RSD 46.7 billion, due to the raising of the loan for the purchase of its own shares conducted early last year. Revenue amounted to RSD 88.5 billion, up by 1.4 percent from 2011. Business revenues grew to RSD 19.8 billion. Telekom Srbija has yet to announce full

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telekom Srbija
Countries: Serbia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telekom Srbija wins Corporate Superbrands Serbia award

Published 29 Apr 2013 10:50 CET | Serbia
Telekom Srbija has won the Superbrands Serbia award for the telecommunications category. The criteria for obtaining Superbrands ...

Serbian govt would consider credible bid for Telekom Srbija

Published 23 Apr 2013 10:29 CET | Serbia
The Serbian government would consider a credible offer to acquire state-owned telecommunications operator Telekom Srbija, state ...

Telekom Srbija to provide information in sign language

Published 22 Apr 2013 11:26 CET | Serbia
To meet the demands of all its customers, including those with hearing impairments, Serbian operator Telekom Srbija has begun ...

Telekom Srbija to invest RSD 20 billion

Published 04 Feb 2013 10:03 CET | Serbia
The managing director of Telekom Srbija, Predrag Culibrk, announced that the Serbian operator will invest over RSD 20 billion in ...

Telekom Srbija expects RSD 10 billion profit in 2012

Published 31 Dec 2012 10:36 CET | Serbia
Telekom Srbija should end the year with an annual profit of RSD 10 billion, a three-fold increased on the first-half results, ...





EUR 2.46 billion
mobile service revenues
Austria  |  2017