Teo 9-month revenues slightly up, profit down

Tuesday 20 October 2015 | 11:38 CET | News
Lithuanian fixed operator Teo announced that its revenues grew by 3.3 percent quarter-on-quarter in the third quarter to EUR 51.1 million. EBITDA, excluding non-recurring expenses, decreased by EUR 0.8 million to EUR 20.1 million. Revenues of the operator increased by 1.1 percent in January-September to EUR 150.4 million, while the net profit dropped by 13.6 percent to EUR 24.9 million. Revenue from IT services jumped by 37.6 percent, and retail sale revenues increased by 3.7 percent. IPTV subscribers jumped by 23.1 percent year-on-year, and internet subscribers over the FTTH network soared

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Categories: Fixed
Companies: TEO
Countries: Lithuania
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