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
Romanian business delegation from the energy sector will be visiting India in March to explore possibilities of investment in refineries, oil and gas fields.
more »
A U.S. bankruptcy judge on Thursday dealt a blow to Yukos’ bankruptcy case, ruling the embattled Russian oil company cannot seek information about whether oil monopoly Gazprom illegally took part in the sale of Yukos’ main oil producing unit
more »
Russian Agricultural Minister Alexei Gordeyev said on Saturday that Russia intends to promote production of its agrarian companies to the EU market
more »
Security company wins contract with Austrian banks
more »
Deutsche Bank AG wants to expand its Russian banking operations and is considering purchasing stakes in two Moscow banks
more »
A government-sponsored agency said Thursday it attracted investments worth over $2 billion in the Czech Republic last year
more »
The Russian Finance Ministry has set aside $85.273 million and 9.328 million euros for its next payments to the International Monetary Fund (IMF), the ministry said
more »
The Russian government approved on Thursday a package of six bills intended to improve the country's bankruptcy laws
more »
The deficit of trade of the Republic of Moldova could exceed one billion USD in 2005
more »
Labour Ministry: Interim period for labour from new EU states causes problems
more »