Bosnia's second largest telecoms firm m:tel said on Wednesday its third-quarter profit rose 7.1 percent to 83.8 million marka ($59.8 million) from the same period of 2011 due to an improved product offer and rising number of users.
Revenue in the same period increased by 3 percent to 372.6 million marka, while operating costs went up almost 2 percent to 278.5 million, m:tel said in its consolidated financial report published by the Banja Luka Stock Exchange.
The company, majority-owned by Serbia's Telekom Srbija, is located in Bosnia's Serb Republic but has expanded operations in recent years to the Muslim-Croat federation, the Balkan country's other autonomous half.
It earlier said it expected to grow by between 2 and 4 percent this year.
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