Telia Lietuva, AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 26, 2024 at 07:06 am EST
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Telia Lietuva, AB reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was EUR 123.32 million compared to EUR 116.44 million a year ago. Net income was EUR 13.29 million compared to EUR 14.72 million a year ago. Basic earnings per share from continuing operations was EUR 0.023 compared to EUR 0.025 a year ago.
For the full year, sales was EUR 476.58 million compared to EUR 444.62 million a year ago. Net income was EUR 63.59 million compared to EUR 56.4 million a year ago. Basic earnings per share from continuing operations was EUR 0.109 compared to EUR 0.097 a year ago.
Telia Lietuva AB is a Lithuania-based telecommunication company. The Companyâs principal activity is telecommunications, television (TV) and information technology (IT) services to business and residential customers in the Republic of Lithuania. Its activities are divided into three segments: Business customer segment (B2B) that is responsible for services sales and customer care for big, medium and small business customer and operators, including retail and wholesale telecommunication and IT services; Private customer segment (B2C) that is responsible for service and customer care for private customers, as well as Other segment, which includes technology division and support units financial performance. Its services cover fixed and mobile communications, smart TV and smart phones, IT solutions for business and mobile network.