Optima Telekom reports revenue, EBITDA increases in 1H11

2 Aug 2011

Croatian fixed line and broadband operator Optima Telekom has released information regarding its financial results in the first six months of 2011, Nacional.hr reports, with the telco revealing solid revenue growth alongside a reduction in expenses. For the six months ended 30 June 2011 Optima posted total consolidated revenues of HRK11.4 million (USD2.19 million), up by around 5% year-on-year, with the operator pointing to increased uptake of its IPTV service, ‘OptiTV’, as one of the core drivers of turnover growth. Increased revenue from internet services meanwhile was reportedly the result of higher subscriber numbers for the telco’s ‘OptiDSL’ service. Earnings before interest, tax, depreciation and amortisation (EBTIDA) in 1H11 meanwhile stood at HRK37.9 million, up 9.8% against the corresponding period a year earlier, while in the six-month period Optima also said that it had seen expenses fall by 2% y-o-y. Commenting on the results, Matija Martic, Optima Telekom’s CEO, noted: ‘The continued growth is the result of constant investment in quality infrastructure and increased availability of our telecom services.’

Croatia, Optima Telekom (incl. H1 Telekom)