T-Online revenues rise 37% in 2005
Monday, February 27, 2006, 15:01
T-Online Hungary Rt, the ISP unit of the Magyar Telekom group, had IFRS pre-tax profit of Ft 1.98 billion in 2005, compared to Ft 655 million a year earlier, the company announced. The 200% profit growth was driven by a 37% increase in revenues compared to 2004, as well as successful cost-cutting measures, the company said. Broadband – chiefly ADSL -subscriptions brought revenue of Ft 18 billion, up 71% year-on-year, as the number of T-Online broadband customers grew 60% to 190,000 last year.