Revenue and profit dip for Hrvatski Telekom
October 31, 2019 08.53 Europe/London By Chris Dziadul
The Croatian incumbent Hrvatski Telekom (HT) Group has posted revenues of HRK5,713 million (Ä764.9 million) for the first three quarters, down 1.3% on the same period last year.
Its EBITDA was 4.8% lower at HRK2,228 million and net profit 18.3% down at HRK677 million.
In its home market HTís broadband and TV revenues in the first three quarters of 2019 amounted to HRK982 million, or 0.8% more than a year earlier.
Its TV customer total as of the end of September stood at 490,000, or 18.7% more than a year earlier, and TV ARPU was 3% higher at HRK86.
The increase in customer numbers was the result of successful M&A activities, including the acquisition of the DTT service EvoTV earlier this year.
Meanwhile, in Montenegro, HTís subsidiary had TV and broadband revenues of HRK87 million in the first three quarters of this year, down by 0.7% on the 2018 figure.
Its TV customer total was up by 14.7% to 69,000 over the same period.