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Teo revenues slip 1.8% to EUR 49.4 mln in Q2

Friday 17 July 2015 | 09:01 CET | News
Lithuanian fixed operator Teo said second quarter revenues fell 1.8 percent lower year-on-year to EUR 49.4 million. Revenues from voice services (including transit) were down by 12.3 percent, while growth continued in internet, TV and IT services, with revenues up 12.7 percent. Revenue from residential customers lifted 3.3 percent, while revenue from business customers and operators (mainly transit revenues) weakened by 4.2 and 10.7 percent, respectively. EBITDA decreased 7.2 percent to EUR 18.3 million, while the EBITDA margin slid to 37 percent from 39.2 percent. Pre-tax profit declined

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Categories: Fixed
Companies: TEO
Countries: Lithuania
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