Business News

Simobil's Revenues, Profit Rise in 2011

Ljubljana, 23 February (STA) - Slovenia's No 2 mobile operator Simobil made EUR 51.7m in earnings before interest, tax, depreciation and amortisation (EBITDA) in 2011, up 14.6% compared to the previous year. Revenues rose 10.7% to EUR 192.7m, according to the earnings report of Simobil's owner, Telekom Austria, released on Thursday.

Earnings before interest and taxes (EBIT) meanwhile increased by 26.2% to EUR 30.2m, the company said, adding that the increase was mainly due to the expansion of Simobil's user base, which grew by 3.4% to 639,700 last year.

Milan Zaletel of Simobil said in a press release that the company had "achieved growth of all key financial and non-financial indices".

"We expanded our user base...and subsequently our market share, which stood at 29.7% at the end of 2011," Zaletel said. The wireless carrier increased its market share by five percentage points compared to 2010.

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