Eesti Telekom sees rise in quarterly profit
Published:
7 May 2003 y., Wednesday
Eesti Telekom (Estonia), telecoms group, reports pre-tax profit for 1st-qtr 2003 which rose to Euro20 mil, vs Euro16 mil for the year-earlier period, although net profit fell to Euro2 mil from Euro16 mil.
The fall in net profit was due to high tax on dividends paid to the parent company by subsidiaries. Turnover for the period rose by 5% to Euro71 mil, while EBITDA rose by 7% to Euro35 mil. Turnover was boosted by demand for data communications services, especially ADSL services. The company expects to obtain a licence to offer 3G mobile phone services later in 2003.
Šaltinis:
hoovers.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Two credit-rating agencies believe Poland's economic outlook is "positive"
more »
Poland's central bank probably will lower borrowing costs, the second highest in the European Union, for the first time since June 2003
more »
The public company Russian Railways will sign a treaty with the Siemens on the stage of designing, the organization of the production of high-speed electric trains and general terms of the contract on April 11 in Hannover
more »
Switzerland's top airline, after being one of the hunters during the 1990s, succumbed to upheaval in the European air travel market last week to become the prey of German carrier Lufthansa
more »
A company linked to the regime of ousted Iraqi dictator Saddam Hussein has had an account in a Bulgarian bank since 1994
more »
Ukraine’s parliament on Friday examined the new government’s revised 2005 budget
more »
EUROPEAN, CENTRAL ASIAN COUNTRIES TO DISCUSS BUSINESS ENVIRONMENT ISSUES
more »
The Lithuanian government said it was not happy with Yukos' work at Mazeikiu Nafta, an oil refinery and terminal, and has held talks with companies that want to buy Yukos' 54 percent stake
more »
Uzprivatbank started to issue credit cards along with debit cards
more »
The United States will take part in Poland's plan to buy back a large chunk of its $16 billion in Communist-era debt
more »