Business News

Simobil Q3 Profit Down 13%

Ljubljana, 10 November (STA) - Slovenia's second largest mobile operator, Simobil, generated EUR 6.9m in operating profit, which is down 13% from the same period last year.

Operating revenues also dropped, by 2.5% to EUR 47.3m year-on-year, according to data published on Wednesday by Telekom Austria, Simobil's parent group.

Moreover, Simobil's earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped by 11.1% year-on-year in the third quarter and now stand at EUR 12.2m.

Simobil however increased the number of users by 4.3% at the annual level to 605,000 in the third quarter, which took the company's market share from 27.9% to 28.8%.

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