T-HT profits down 6.6%

2 Mar 2009

Croatian telco T-Hrvatski Telekom (T-HT), a unit of Deutsche Telekom, recorded annual net profit of HRK2.31 billion (USD397 million) in 2008, down by 6.6% compared to the previous year. The company’s revenues amounted to HRK8.82 billion in 2008, up by 2.7% year-on-year, whilst EBITDA was up by 0.2% to HRK3.96 billion, and operating profit amounted to HRK2.6 million, up 3.3% from HRK2.5 million the year before.

Croatia, Hrvatski Telekom (HT)