Hrvatski Telekom grows profit, gains TV customers
JULY 28, 2022 12.58 EUROPE/LONDON BY CHRIS DZIADUL

Hrvatski Telekom (HT) ended the second quarter with 538,000 TV customers in its home market, Croatia.

This, according to the company in its latest results, was up from 533,000 (+1%) on the same period last year.

At the same time, TV ARPU increased by 1.6%, from HRK85 (€11.3) to HRK86. Meanwhile, HT’s Montenegrin subsidiary Crnogorski Telekom (CT) had 77,000 TV subscribers at the end of Q2, up from 72,000 (+6.6%) a year earlier.

HT Group’s revenues in Q2 amounted to HRK1,776 million, down 2.5% on the same period last year.

Adjusted EBITDA AL was HRK664 million (-3.7%) and net profit HRK127 million (+10.2%).

Significantly, its net profit in H1 was, at HRK301million, 82.8% up on a year earlier.