Lithuania: Telia Lietuva’s revenue up 7%, profit up 21% in H1/2023

Lithuanian telecommunications company Telia Lietuva posted unaudited revenue of EUR 230.5mn in the first half of 2023, which was up 7.2% from EUR 214.9mn in the same period of 2022, GlobeNewswire reports. Adjusted EBITDA amounted to EUR 83mn (up 13.6%) and profit to EUR 31.8mn (up 21.2%). In the second quarter of 2023, Telia Lietuva’s revenue rose by 2.2% over a year to EUR 113.1mn. Quarterly adjusted EBITDA rose by 11% to EUR 41.6mn and profit by 10.6% to EUR 15.6mn.