Rīga, 2017-04-11 07:44 CEST (GLOBE NEWSWIRE) -- On 10 April 2017, the annual unaudited report for JSC “Telekom Baltija” (where JSC “Baltic Telekom” has a 19.9% stake) has been released. The results show a decrease of 17.68% of Shareholder Equity Capital (from EUR 4 734 792 to EUR 3 897 747), 13.82% decrease in Net Turnover (from EUR 3 269 576 to EUR 2 817 561).
Consequently, the Annual Loss increased from EUR 586 328 to EUR 1 087 784.
About Baltic Telekom, JSC
JSC “Baltic Telekom” operates as a holding company, which owns 66 114 shares that makes 19.9% of JSC “Telekom Baltija” share capital. JSC “Telekom Baltija” has been operating in the telecommunication market under a brand “Triatel” for 15 years now offering mobile wireless data transmission services.
Contacts:
Adress: Rūpniecības iela 1-5, Riga, LV-1010
Phone: +371 67783611
Contact person:
Gene Zolotarev
Member of the Management Board
Phone: +371 67783601
e-mail: gene@baltictelekom.lv
Certified consultant:
Ģirts Apsītis
Chairman of the Management Board
"Ardente" Ltd.
Phone: +371 29466577
e-mail: ardente@ardente.lv