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Telekom Slovenije Suffers Profit Plunge

Ljubljana, 26 February - Telekom Slovenije reported a decline in 2014 net profit of 98% to EUR 1.6m as a result mainly of new provisions worth EUR 43.6m. Net sales revenue dropped 3% to EUR 756.5m, the company said Thursday.

Telekom Slovenije reports worse-than-expected 2014 results due to one-off events such as provisioning for outstanding lawsuits. Chief executive Rudolf Skobe (pictured) says net net profit would have been on the mark one-off events excluded.
Photo: An┼że Malovrh/STA

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