Telekom Slovenije’s 6M profits climb 5% despite 3% revenue drop

Slovenian incumbent Telekom Slovenije reported that its consolidated net income in the first six months of 2012 grew by 5% year-on-year to EUR26.5 million (USD33 million), despite revenues falling 3% in the period to EUR391 million. In a filing to the Ljubljana Stock Exchange, the fixed line, mobile and broadband group attributed the increase in profitability to cost cutting.

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OVETEL Telekom Slovenije’s 6M profits climb 5% despite 3% revenue drop