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Wireless Federation » Cosmote revenues up 31.6% in Q2, net profit flat

Cosmote revenues up 31.6% in Q2, net profit flat

  • March 15th, 2006
  • 3:00 pm

Southeastern Europe mobile operator Cosmote has reported second-quarter revenues up 31.6 percent from a year ago to EUR 540.7 million. EBITDA increased 13.5 percent to EUR 203.6 million, while net profit slipped 2.9 percent to EUR 81.5 million. Cosmote attributed the drop in net profit to higher depreciation and financing charges from expanding its operations, as well as losses from its recently re-launched Romanian operation, which had a net loss of EUR 26 million in the quarter. Cosmote said it expects to complete the earlier announced acquisition of telecom retailer Germanos in the fourth quarter.

Source- http://www.telecompaper.com

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