Teo Lt, AB Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 27, 2017 at 12:30 pm IST
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Teo LT, AB reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of EUR 92,377,000 compared with EUR 54,165,000 a year ago. Operating profit was EUR 11,728,000 compared with EUR 10,401,000 a year ago. Profit before income tax was EUR 11,785,000 compared with EUR 10,387,000 a year ago. Profit and comprehensive income attributable to owners of the parent was EUR 10,590,000 compared with EUR 9,302,000 a year ago. Earnings per share for profit attributable to the equity holders of the company was EUR 0.018 compared with EUR 0.016 a year ago.
For the year, the company reported, revenue of EUR 345,906,000 compared with EUR 204,598,000 a year ago. Operating profit was EUR 48,615,000 compared with EUR 38,539,000 a year ago. Loss before income tax was EUR 47,545,000 compared with profit of EUR 38,279,000 a year ago. Profit and comprehensive income attributable to owners of the parent was EUR 41,903,000 compared with EUR 34,176,000 a year ago. Earnings per share for profit attributable to the equity holders of the company was EUR 0.072 compared with EUR 0.059 a year ago. EBITDA was EUR 111,457,000 compared with EUR 107,931,000 a year ago. Cash flow from operations was EUR 64,206,000 compared with EUR 71,839,000 a year ago. Operating free cash flow was EUR 118,813,000 compared with EUR 65,062,000 a year ago. Return on average assets was 8.7% compared with 13.6% a year ago. Return on shareholders' equity was 16.2% compared with 15% a year ago. Purchase of property, plant and equipment (PPE) and intangible assets was EUR 68,253,000 compared with EUR 33,865,000 a year ago.
Telia Lietuva AB is a Lithuania-based telecommunication company. The Companyâs principal activity is telecommunications, television (TV) and information technology (IT) services to business and residential customers in the Republic of Lithuania. Its activities are divided into three segments: Business customer segment (B2B) that is responsible for services sales and customer care for big, medium and small business customer and operators, including retail and wholesale telecommunication and IT services; Private customer segment (B2C) that is responsible for service and customer care for private customers, as well as Other segment, which includes technology division and support units financial performance. Its services cover fixed and mobile communications, smart TV and smart phones, IT solutions for business and mobile network.