T-HT net income up 11.6%

29 Feb 2008

Croatian incumbent telco T-Hrvatski Telekom (T-HT) has reported its financial results for 2007, which its said were in line with consensus forecasts. Annual net profit rose by 11.6% to EUR336.8 million, although excluding one-off gains it rose by only 1%. Revenues grew by 2.3% in the year, driven by its domestic market-leading mobile division (operating under the T-Mobile brand of parent Deutsche Telekom), which saw a 6.9% hike in turnover. The fixed line segment suffered a 1.1% revenue decline, and group EBITDA fell by 2.1%, hurt mainly by redundancy costs.

Croatia, Hrvatski Telekom (HT)