Eesti Telekom sees rise in quarterly profit
Published:
7 May 2003 y., Wednesday
Eesti Telekom (Estonia), telecoms group, reports pre-tax profit for 1st-qtr 2003 which rose to Euro20 mil, vs Euro16 mil for the year-earlier period, although net profit fell to Euro2 mil from Euro16 mil.
The fall in net profit was due to high tax on dividends paid to the parent company by subsidiaries. Turnover for the period rose by 5% to Euro71 mil, while EBITDA rose by 7% to Euro35 mil. Turnover was boosted by demand for data communications services, especially ADSL services. The company expects to obtain a licence to offer 3G mobile phone services later in 2003.
Šaltinis:
hoovers.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »