OTE Group profits drop in Q1

EconomyCorporates Tags: Corporates, Results
Photo via www.cosmote,gr
Photo via www.cosmote,gr

The Hellenic Telecommunications Organization S.A (OTE Group) has released its unaudited results for Q1 2016, showing that fixed line revenues increased by 1.7 percent compared to the same quarter in 2015, registering a figure of 378.9 million euros compared to 372.4 million euros last year.

ICT revenues remained strong in the first quarter. The group’s underlying net debt was 853.2 million euros at March 31, 2016, down 24.9 percent compared to March 31, 2015.

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