The Baltics Today

Lithuanian TEO posts EUR 43.2 mln profit in 2013

On 28 January 2014, the Board of TEO LT, AB approved unaudited TEO LT, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the twelve months period ended 31 December 2013, said the company in a statement. The total consolidated TEO Group's revenue for the fourth quarter of 2013 was LTL 179 million (EUR 51.8 million), a decrease by 1.4% over the total revenue of LTL 181 million (EUR 52.5 million) for the third quarter of 2013, informs LETA/ELTA.... Read more...

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