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Bosnia's m:tel 2014 profit up 6.2 pct on more users

Thu 5th March, 2015 4:05pm
SARAJEVO, March 5 (Reuters) - Bosnia's second-largest 
telecoms firm, m:tel  TLKM.BJ , said on Thursday its 2014 net 
profit rose 6.2 percent to 106.5 million Bosnian marka ($60.3 
million) on more users. 
    Revenues in 2014 rose 2.1 percent to 488 million marka, the 
company said in a statement to Reuters. 
    "This is a consequence of technology development and 
constant improvement and expansion of the service portfolio, and 
the rise in the number of users of integrated services," m:tel 
said. 
    Last year, m:tel expanded in Austria with a mobile virtual 
network operator, setting up its fully-owned company MTEL 
Austria.[ID: nL6N0PI4BR] 
    It also acquired a 65 percent stake in the Sarajevo-based 
Logosoft internet service provider. 
    Shares in m:tel, with a market capitalisation of 781.3 
million marka, traded flat at 1.59 marka on Thursday. 
 (1$ = 1.767 Bosnian marka)   
      
 
 (Reporting by Daria Sito-Sucic; Editing by William Hardy) 
 ((daria.sito-sucic@thomsonreuters.com; +38733 295 484; Reuters 
Messaging: daria.sito-sucic.thomsonreuters.com@reuters.net)) 
 
Keywords: BOSNIA M:TEL/RESULTS
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