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Slovak Telecom profits fall

Slovakia's fixed-line operator Slovak Telecom made a net profit of Sk2.07 billion (€52 million) in the first nine months of 2004, down by 11.2 percent year-on-year, it announced on Friday, the news wire TASR wrote.

Based on the international financial reporting standards (IFRS), the figures show revenues down by 5.4 percent on the year, at Sk12.66 billion (€315 million).

Slovak Telecom's EBIDTA - earnings before interest, deductions, taxation and amortisation - dipped from Sk6.6 billion to Sk6.1 billion.

This was reflected in the production profit, which fell by 41 percent to almost Sk1.3 billion (€32 million).

Compiled by Marta Durianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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