Croatian good tourist season boosts telecom’s profitability

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Hrvatski Telekom had a successful summer, after which it can boast with a significant increase in profitability, but also  with changing the structure of revenues.

Operator concluded the first nine months of this year with net profit rose from 19.1 percent to HRK 864 million kuna’s, Poslovni Dnevnik wrotes.

Although most European operators this season have been negatively affected by the abolition of mobile roaming, HT has slightly increased revenues in the third quarter from HRK 2.15 billion last year to HRK 2.16 billion this year.

More importantly, HT operating profit grew 6.5 percent compared to the same period last year to HRK 2.39 billion. This also means that the operating margin has risen to 41.9 percent from last year’s 38.8 percent.

The only indicator that stagnates is still revenue.

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