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Teo LT lifts FY revenue 1.1% in 2015
BC, Vilnius, 29.01.2016.
Print version
Print versionLithuania's telecommunication, IT and TV services provider Teo LT said on Friday that its revenue rose by 1.1% in 2015 compared with 2014 to reach 204.6 million euros, marking the first annual growth since 2012, informs LETA/BNS.
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EBITDA last year edged down by 2.9% to 80.8 million euros and the EBITDA margin fell by 1.6%age points, Teo LT said in a stock exchange release.
Net profits dropped by 10.2% to 34.176 million euros and pretax earnings were down by 9.8% to 38.279 million euros.
The number of IPTV users last year rose by almost 23.9% to 163,000 users. The number of broadband Internet customers increased by 5.5% and the total number of broadband connections reached 391,000 connections.
The company's investments in the upgrading and development of the network and IT systems increased by 15.7% year-on-year to 34.6 million euros.
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