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
Poland has received a dressing down from the European Commission
more »
First Asian targeted syndicated loan in history of Baltic banking signed by Parex banka
more »
UKRAINIAN GOVERNMENT WANTS TO CONTEST 3,000 PRIVATIZATIONS IN COURT
more »
The clients of five more banks from the HVB Group have been included in the FlashPayment system of money transfer enlarging the inter-bank network to a total of 19 banks in Bulgaria, Estonia, Latvia, Lithuanian, Russia and Ukraine
more »
Russia's antitrust authority signaled Tuesday that it might block a bid by German industrial giant Siemens to take a controlling stake in a strategic engineering company, citing national security concerns
more »
Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of zł.165.4 billion which is almost double the 2003 figure
more »
Polish bonds rose more than any other government-debt securities after a report showed inflation slowed the most since May
more »
The chambers of commerce and industry of Russia and Iran have created a Russia-Iran Business Council
more »
Bulgaria's government and government-guaranteed debt stood at EUR 7.95 B at the end of December 2004, with foreign debt accounting for 82.8% of it, the finance ministry announced
more »
Irish Prime Minister Bertie Ahern said yesterday that opening Ireland's job market to workers from Poland, when it joined the European Union on May 1 last year, has "worked out well" for both countries
more »