Telekom revenue, profit down slightly in Jan-Sep

Photo: STA

Telekom Slovenije, the majority state-owned telecoms incumbent, saw net sales decline by 4% year-on-year in the first nine months of 2020, to EUR 440 million.


Net profit declined by 7% to EUR 27.4 million. Operating profit was up 7% to EUR 40.1 million and profit before income tax, amortisation and depreciation was down 1% to EUR 144.6 million. The figures exclude the media arm Planet TV, which has already been sold to TV2 in Hungary, and the Kosovo subsidiary Ipko, which was supposed to be sold by now but has not been after the sales procedure was terminated.