Optima Telekom Reports Consolidated Earnings Results for the First Quarter Ended March 2017
April 27, 2017 at 11:32 am EDT
Optima Telekom reported consolidated earnings results for the first quarter ended March 2017. For the quarter, the company reported net profit dropped to HRK 3.5 milion, from HRK 4.02 million a year earlier. Total operating revenues edged down 0.9% to HRK 111.1 million, while consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 1.8% to HRK 23.6 million. The revenue decrease is mostly due to a drop in revenue from the public voice service by 9.9%, thus continuing the general downward trend in the use of the public voice service as a reflection of global trends. Consolidated capital investments were HRK 14.6 million.