February 23, 2017 / 8:22 AM / 6 months ago

BRIEF-Croatia's biggest telco HT's 2016 revenues, profit inch up

    ZAGREB, Feb 23 (Reuters) - Hrvatski Telekom        , which
is 51 percent owned by Deutsche Telekom           :
    
    * HT says its 2016 revenues rose 0.7 percent year-on-year to
6.97 billion kuna ($989.72 million), while its net profit was
1.0 percent higher at 934 million kuna
    * Proposed dividend payment is worth 6 kuna per share which
would in total amount to a payment of 491.3 million kuna, or 54
percent of the annual profit
    * Expects 2017 revenues roughly at the same level as last
year, while overall investments will be moderately lower than
last year's 1.61 billion kuna.
    * CEO Davor Tomaskovic says HT will continue eyeing
opportunities for regional acquisitions (in the Balkans) after
acquiring Montenegro's Crnogorski Telekom early this year    

($1 = 7.0424 kuna)

 (Reporting by Igor Ilic. Editing by Jane Merriman)
  

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