The Lithuanian national transmission company Telecentras saw its revenue fall by only 1% year-on-year in H1 2020 despite the complete shutdown of some RGUs and severe curtailment of others.
In a statement, it says that its total revenues in the first six months of this year amounted to €10 million. Within that those for its internet services increased by 4.3% and Mezon TV IPTV service by 42%. On the other hand, those from radio and TV broadcasting services fell by 3% and non-telecom services by 44.9%.
Meanwhile, the company’s EBITDA fell by 8.9% year-on-year in H1 to €2.6 million.
Commenting on the results, Telecentras’s general director Remigijus Seris said: “Given the crisis circumstances in which Telecentras and many of its customers had to operate, I would call the first half of the year a success. We managed to finish it without a loss, with a small profit. I will add that in the second quarter Telecentras paid its shareholder – the state – almost 1 million. Eur dividends from profits earned in 2019.
“From a long-term perspective, the agreement signed in May on the sale of Mezon retail services marks a significant turning point in Telecentras’s business strategy and the company’s ambition to reorient to the development of state-important infrastructure projects and wholesale ITT services in the telecommunications services segment. I believe that in the second half of this year we will move rapidly in this new strategic direction of activity – from the vision to its implementation through concrete projects and works”.
