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Article: T-mobile sees 1Q profit up 20 % at CZK 1 bn.
- Article from:
- Czech Business News
- Article date:
- May 15, 2003
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T-mobile sees 1Q profit up 20 % at CZK 1 bn
Prague. May 15. INTERFAX EUROPE - T-Mobile, the country's second largest mobile operator, posted a net profit of CZK 1 bn in 1Q 2003, up 20 % yr/yr, the company announced Thursday.
Revenues grew 10 % yr/yr to CZK 5.7 bn in the monitored period. Gross profit (EBITDA) went up 16 % yr/yr to CZK 2.8 bn.
"[First quarter] results exceeded our expectations," says T-Mobile CFO Otakar Kral, adding that a merger with Germany's T-Mobile and higher interest in data services had a positive effect on the results.
T-Mobile registered 3.55 mln clients at the end of March, up 17 % yr/yr. However, the firm ...