Telefonija records unconsolidated revenue of RSD 1.55 billion in 2010

Belgrade-based Telefonija has announced unconsolidated business results for the last year, during which this company's revenue grew significantly after a big fall in 2009.

Telefonija registered a business revenue of RSD 1.55 billion in 2010 (51.3% higher than in 2009), while the business profit grew by 28.1% and amounted to RSD 152.9 million. Due to big financial expenditures, the net profit was modest and totaled RSD 39 million, but it was 2.6 times higher than in 2009.

Telefonija's largest subsidiary - Internet provider Beotel, registered a RSD 603.9 million business revenue last year (45.6% higher than in 2009), while the net result of that company was modest and amounted to RSD 5 million.

The latest price of the shares of Telefonija on the Belgrade Stock Exchange is RSD 1,100 per share and, with that price, the company's market capitalization amounts to RSD 637.1 million (EUR 6.1 million).

P.S. Telefonija a.d. Beograd

Beotelnet-ISP d.o.o. Beograd