Podgorica, (MINA-BUSINESS) – Crnogorski Telekom recorded growth in key financial indicators in the first half of this year, continuing a four-year trend of steady increases in user base, revenue, and operating profit.

“The company saw its 17th consecutive quarter of positive financial results, indicating consistent execution of its growth strategy and sustainable profitability,” stated the business update published on the Montenegro Stock Exchange website. 

In the first half of the year, revenues rose by 3.4 percent compared to the same period last year, reaching €44.1 million.

Earnings before interest, taxes, depreciation, and amortization (EBITDA), excluding special effects and after lease costs, totalled €15.8 million, up 4.6 percent year on year.

A positive trend was also recorded in net profit.

The company reported user base growth across several key segments between January and June, alongside a stable upward trend in customer satisfaction.

The most significant growth was seen in mobile telephony, followed by increases in TV service subscriptions and broadband internet users.