HT Posts HRK 614M In Net Profit in 2021

By 24 February 2022
HT Posts HRK 614M In Net Profit in 2021
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ZAGREB, 24 Feb 2022 - Hrvatski Telekom (HT) generated a net profit of HRK 614.4 million in 2021, which is 7.1% more than in 2020, the telecommunications company reported on Thursday.

According to the information published on the Zagreb Stock Exchange, HT ended the year with total revenue of HRK 7.5 billion, which is one percent less than in 2020 while the HT Group's "organic revenue" in 2021 registered an increase of 1.1% on the year.

Total consolidated net revenue decreased by HRK 64 million or 0.9% y-o-y with the group's revenue decreasing by 1.1% while Crnogorski Telekom in Montenegro registered an increase of 2.5%.

Total expenditure was decreased by 1.4% on the year and amounted to HRK 6.7 billion.

"Organic EBITDA after loans increased 7.9% on the year which is an increase of EBITDA after loans for the fifth quarter in a row and confirms the continuation of strong positive business development and effects of transformation measures."

In the past five years, investments amounted to HRK 9 billion, making HT the biggest investor. Capital investments in 2021 were more than HRK 1.7 billion, which is more than the 1.6 billion planned.

Last year HT paid HRK 742 million in dividends to its shareholders, the company told Hina.

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