Bosnia's m:tel Q1 profit rises 2.6 percent to $13 mln

Mtel ad Banja Luka

30/04/2015 17:20

SARAJEVO, April 30 (Reuters) - Bosnia's second-largest 
telecoms firm, m:tel  TLKM.BJ , said on Thursday its 
first-quarter profit rose 2.6 percent to 22.6 million Bosnian 
marka ($13 million) due to increased number of its mobile and 
internet service users. 
    The company's revenue through March rose to 109.9 million 
marka from 109.2 million marka in the same period last year, 
while operating costs fell 0.5 million marka to 85 million.  
    M:tel said Europe's ongoing economic problems have had 
limited impact on its financial position and performance, 
resulting in a decrease in revenue from fixed telephony. 
    Shares in m:tel, with a market capitalisation of 796 million 
marka, traded at 1.62 marka, up 0.62 percent from Wednesday's 
close. 
 
 (Reporting by Maja Zuvela, editing by David Evans) 
 ((maja.zuvela@thomsonreuters.com; +387 33 295 485; Reuters 
Messaging: maja.zuvela.thomsonreuters.com@reuters.net)) 
 
Keywords: BOSNIA M:TEL/RESULTS