Increase in the internet and digital TV revenues
4.1% growth in the IPTV segment and MaxTV customers base of 100.4 thousand
Operating profit before taxation in the amount of MKD 1,106 million which marks a decrease of 20.6%
In mobile segment, the subscriber base amounts to 1.210 thousand which marks an increase of 2%
Increase of 314% in the revenues from System Integration and IT as a result of the “JSP Skopje” Project for electronic bus fare collection system

Makedonski Telekom AD-Skopje maintained the leading position on the fixed and mobile segment in the first nine months of 2015, show the unaudited consolidated financial results as per the International Financial Reporting Standards (IFRS).

The sales revenues in the first nine months of 2015 amounted to MKD 7,853 million, which represents a decrease of 4.3% compared to the same period in 2014.

The operating profit before taxation at the end of the first nine months of 2015 amounted to MKD 1,106 million - a decrease of 20.6% compared to the same period of the previous year, which reflects the revenue decrease that is partly compensated with the lower expenses. The total net profit at the end of the first nine months of 2015 amounted to MKD 965 million which is an increase of 99% compared to the same period of the previous year. The capital investments amounted to MKD 974 million.

At the end of the first nine months of 2015, Makedonski Telekom maintained the leading position on the fixed voice services market with a market share of 61.9%. Despite the fixed voice revenue drop of 15% compared to the same period of 2014, with 227 thousand customers Makedonski Telekom maintained the leading position on the fixed voice services market.

The DSL customer base at the end of the first nine months of 2015 remained stable compared to the same period of 2014, resulting in DSL customer base of 189.5 thousand, whereas the broadband internet market share amounted to 49.3%, according to the internal data.

The revenues from retail internet and digital television over Internet protocol or IPTV at the end of the first nine months of 2015 increased by 3.1% compared to the same period of the previous year.

As a result of the high quality service, the interactivity and the unique TV experience, in the first nine months of 2015 Makedonski Telekom achieved extraordinary results in the digital television, i.e. in the IPTV service. At the end of the first nine months, the number of MaxTV customers amounts to 100.4 thousand, which marks a 4.1% increase compared to the same period in 2014. Thus Makedonski Telekom has the biggest share on the TV market reaching 23.6% of the total TV market (internal estimates).

In the mobile segment, Makedonski Telekom is a market leader with a market share of 47.2% (internal estimate). The subscriber base at the end of the first nine months of 2015 had 1,235 thousand subscribers which is an increase of 2% compared to the same period of the previous year when it had 1,210 thousand subscribers.

The mobile voice revenues at the end of the first nine months of 2015 decreased by 11.8% compared to the same period of the previous year as a result of the decrease of the tariffs. The trend of increased usage of mobile services continues, wherein the packages include more and more minutes for the same price. Accordingly, the decrease of the tariffs and the increased competition resulted in the decrease of the Average Revenue per User (ARPU) by 8.5% compared to same period of 2014.

The revenues from non-voice services increased by 8.1% compared to the same period of 2014, as a result of the increased mobile internet revenues, the increased data traffic and the increased use of data tariff models. At the end of the first nine months of 2015, the revenues from system integration and IT increased by 314% compared to the same period of the previous year, as a result of the increased revenues from ICT projects, Cloud Computing services and other integrated solutions for business customers. For the most part, the increased revenues are a result of the project with the public transport enterprise "JSP Skopje” for introduction of electronic bus fare collection system.

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