Telecentral in the first half realized more than half a million euros in profits and closed the WiMax network

According to unverified data, AB Lietuvos radijo ir televizijos centras (hereinafter referred to as "Telecentras") in 2018 In the first half of the year, he worked profitable – gain 525 thousand. net profit in euros.

The main operating products grew 6.3% compared to 2017. In the first half of the year, 9.39 million 9.98 million euros The euro company has gained more than MEZON Internet Services (+ 7.9%), as well as computer and TV electronic commerce equipment. Sales growth was positively impacted by customer growth of 4.8%. The non-telecommunication division of the telecentre – the Vilnius TV tower and the Birdwatch restaurant – is located compared to 2017. In the first half, it increased by 9.3%. Revenues from radio and television services decreased 3.9%, due to a decrease in the number of sending and accessing services.

Operating Expenses of the Company (without depreciation and amortization) in 2018. In the quarter I stands at 7 million. Eur and increased by 3.7% compared to 2017. The first half (EUR 6.77 million). Cost growth was influenced by LTE network development and the cost of installing project clients. The company structure and the efficiency of the processes have reduced the number of employees by 11.4%, increase the average salary and save 3.3 %. staff costs.

2018 EBITDA for the first half (profit before interest and amortization) rose to 3.24 million euros. Eur and versus without 2017 EBITDA of the first half (without remuneration of Telia Lietuva AB for the result of the previous year) increased by 21.3%. The EBITDA margin was 32.4%. (28% in the first half of 2017).

"Despite the sharp increase in competitive pressure in the first half of 2018, the company continued to increase the business and customer base of home Internet access through the wireless segment As far as radio and television programs are concerned, this semester has been active for us – we have started to broadcast 5 Polish TV channels in south-eastern Lithuania, and we have also successfully completed the process of transferring customers from the WiMax network to the LTE network, which has allowed us to close the infrastructure in operation for nearly 10 years and reduce its maintenance costs "- business performance in 2018. Managing Director Remigijus Šeris commented on the first half of the year.