BTC sees 15% 1Q profit drop

23 Jun 2005

The Bulgarian Telecommunications Company (BTC) yesterday reported a 15% decline in first quarter net profit which it attributed to wage hikes and a costly marketing campaign. Net profit fell EUR34.2 million compared to EUR39.3 million for the corresponding period of 2004. BTC shares on the Sofia stock exchange were down yesterday by 0.55% to EUR196.8.

Bulgaria, Vivacom (BTC)