Croatian telecoms group T-Hrvatski Telekom (T-HT), part of the Deutsche Telekom group, has reported that its consolidated revenues in the first half of 2012 dropped by 6% year-on-year to EUR484 million (USD596 million), while EBITDA fell by 2.9% to EUR215 million and net profit dipped by 2.5% to EUR107 million. The company blamed tough competition, a harsh macro-economic environment and the impact of regulatory measures for the decline in sales and profitability. T-HT’s residential (fixed and mobile network) division saw revenues driven down 6.5% in January-June 2012 by lower mobile and fixed voice turnover.
Originally posted here:
OVETEL T-HT’s first-half revenues fall 6%
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