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Friday, March 29, 2024

Telekom Slovenije posts 10% higher H1 profit on flat sales

By: P.T., STA

Telekom Slovenije, the Slovenian incumbent telco, saw its group net profit in the first half of the year rise by 10% year-on-year to EUR 23.4 million as sales revenue dropped by 1% to EUR 314.2 million.

Earnings before interest and taxes (EBIT) were up by 6% year-on-year to EUR 31.1 million, but earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 1% to EUR 112.2 million, which the company attributes in part to rising energy prices.

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