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OTE Q2 core profit rises

OTE posted a 1 percent rise in second quarter core profit, helped by an increase at its domestic mobile business for the first quarter in five years.

OTE said it would continue to invest in new technology as Greece shows early signs of economic recovery.

Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 313.9 million euros ($371.9 million) in the three months to June, up from 310.9 million euros a year earlier.

EBITDA from Greek mobile operations rose 3 percent to 99.9 million euros, accounting for about 32 percent of the groups total core profit. OTE had about 7.7 million customers in its home mobile business in June, a 1.7 percent rise in a year.
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