T-HT H108 Profits Squeezed

News: Croatian incumbent telecoms operator T-Hrvatski Telekom (T-HT) has released its H108 results. Revenues increased by 2.1% year-on-year (y-o-y) to HRK4.2bn (US$901mn) primarily on account of mobile (via subsidiary T-Mobile Hrvatski), internet and wholesale services. Net profits declined by 15.6% y-o-y to HRK1.1bn (US$219.39mn), which is attributable to a lower contribution from its partly owned Bosnian unit HT Mostar.

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