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Croatia : OPTIMA TELEKOM announces net loss by 77% in Q1

May 3, 2014

Optima Telekom announced a net loss of HRK 2.5 million at the end of the Q1 of 2014, which is a reduction of about 77% compared with the same period last year.

Total consolidated revenue totaled to HRK 117.6 million, down 14.1% from the same period last year.

Revenues from internet services grew by 13.6% and revenue from multimedia services was up 12.9%. Operating profit from core activities reached HRK 21.3 million, representing a decrease of 19.6% compared with the same period in 2013.

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Source: TendersInfo (India)