Telia Lietuva, AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 08:09 am EDT
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Telia Lietuva, AB reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 113.07 million compared to EUR 110.69 million a year ago. Net income was EUR 15.59 million compared to EUR 14.09 million a year ago. Basic earnings per share from continuing operations was EUR 0.027 compared to EUR 0.024 a year ago.
For the six months, sales was EUR 230.47 million compared to EUR 214.9 million a year ago. Net income was EUR 31.83 million compared to EUR 26.27 million a year ago. Basic earnings per share from continuing operations was EUR 0.055 compared to EUR 0.045 a year ago.
Telia Lietuva AB is a Lithuania-based telecommunication company. The Companyâs principal activity is telecommunications, television (TV) and information technology (IT) services to business and residential customers in the Republic of Lithuania. Its activities are divided into three segments: Business customer segment (B2B) that is responsible for services sales and customer care for big, medium and small business customer and operators, including retail and wholesale telecommunication and IT services; Private customer segment (B2C) that is responsible for service and customer care for private customers, as well as Other segment, which includes technology division and support units financial performance. Its services cover fixed and mobile communications, smart TV and smart phones, IT solutions for business and mobile network.