Latvia, Markets and Companies, Telecomunications

LMT turnover amounted to EUR 89 mln, while earnings before interest, taxes, depreciation, and amortization totaled EUR 29 mln in January-June this year.

The company explains that the higher turnover is attributable to the increasing popularity of mobile Internet and sales of smartphones and smart devices.

LMT continues to be the market leader - in the first half, the number of the company's clients increased by almost 7,000, reaching 1,139,198 clients. LMT President Juris Binde explains that rapid development of mobile technology has prompted use of mobile Internet and enabled the company to offer new services to its clients. All kinds of smart devices are becoming increasingly popular, and mobile technologies offer increasingly more opportunities. LMT is one of the first companies in the world to offer its clients television in 4G network, he stressed.

The number of LMT clients using mobile Internet has increased 31%.

As reported, LMT earned EUR 17.201 mln in profit last year, which is 12% less than in 2014. The company's turnover last year rose 5% to EUR 151.347 mln in contrast to EUR 144.469 mln in 2014.