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August 31, 2015 1:34 AM ET

Diversified Telecommunication Services

Company Overview of Metronet Telekomunikacije d.d.

Company Overview

Metronet telekomunikacije d.d. operates as a telecommunications company offering VoP/VoIP and Internet services. It also offers broadband services. The company was founded in 2005 and is based in Zagreb, Croatia.

Ulica grada Vukovara 269/d

Zagreb,  10000

Croatia

Founded in 2005

Phone:

385 0 80 08 228

Fax:

385 1 63 27 011

Key Executives for Metronet Telekomunikacije d.d.

President of Management Board and Chief Executive Officer
Chief Financial Officer and Member of Management Board
Chief Technical Officer and Member of Management Board
Chief Marketing & Sales Officer and Member of Management Board
Compensation as of Fiscal Year 2015.

Metronet Telekomunikacije d.d. Key Developments

Metronet Telekomunikacije Reports Earnings Results for the First Half of 2015

Metronet Telekomunikacije reported earnings results for the first half of 2015. For the first half, the company reported 3% growth in revenues to HRK 96.4 million. EBITDA was HRK 44.4 million, in line with plans. Net profit reached HRK 16.7 million, down from HRK 113.9 million a year earlier.

Metronet Has One Month To Find A Strategic Buyer

Metronet Telekomunikacije d.d. will look for a strategic partner for a month and reach a consensus among the leading shareholders about the sale of Metronet. If Metronet is unsuccessful in finding the partner in the time frame of one month then the shareholders will vote on a consultant to help Metronet list its shares on the Zimbabwe Stock Exchange on September 18, 2015. If all shareholders agree about the sale, the new owner will get 81.93% stake.

Metronet Telekomunikacije d.d. Reports Group and Parent Earnings Results for the Year Ended December 31, 2014

Metronet Telekomunikacije d.d. reported group and parent earnings results for the year ended December 31, 2014. For the period, on consolidated basis, the company reported revenue of HRK 212.789 million against HRK 208.050 million a year ago. Operating income was HRK 52.739 million against HRK 44.054 million a year ago. Profit before tax was HRK 129.444 million against HRK 5.905 million a year ago. Net profit was HRK 129.438 million against HRK 5.898 million a year ago. Net cash from operating activities was HRK 49.487 million against HRK 48.321 million a year ago. Purchase of intangible assets was HRK 5.367 million against HRK 4.185 million a year ago. Purchase of property, plant and equipment was HRK 40.381 million against HRK 32.96 million a year ago. For the period, on parent basis, the company reported revenue of HRK 211.146 million against HRK 206.252 million a year ago. Operating income was HRK 53.112 million against HRK 44.068 million a year ago. Profit before tax was HRK 129.438 million against HRK 5.912 million a year ago. Net profit was HRK 129.438 million against HRK 5.912 million a year ago. Net cash from operating activities was HRK 49.477 million against HRK 49.066 million a year ago. Purchase of intangible assets was HRK 5.367 million against HRK 4.185 million a year ago. Purchase of property, plant and equipment was HRK 40.381 million against HRK 32.96 million a year ago.

Similar Private Companies By Industry

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