OREANDA-NEWS. Last year the key financial indicators of the telecommunications company Lattelecom - gross profit and EBITDA - have been maintained at the same level as in 2012. Lattelecom Group consolidated results in turn reveal that the only negative affect on the company's indicators has been caused by the decline in Latvijas Mobilais Telefons (LMT) profits.

Lattelecom Group profit 2013 constituted 28,5M EUR (or 20M LVL). The results have only been affected by the drop in the profit earned by Latvijas Mobilais Telefons - the company 23% of the shares of which are owned by Lattelecom - that in 2013 has declined by more than 11M EUR. Moreover, a decline in the revenues due for collection from Latvijas Mobilais Telefons has been recorded for the second year in succession.

“2013 has been a successful year for the company, which is due to launch of innovative services, the most popular of which are Tier3 data centre Dattum, as well as quality customer care. Innovative services and customer loyalty are regarded as the key success factors of last year by which to ensure that the company's financial indicators are maintained at previous years level,” pointed out Juris Gulbis, Chairman of Management Board of Lattelecom.

Lattelecom Group offers electronic communications solutions designed for use by households, small and medium enterprises, state and local government institutions, as well as corporate customers.

Lattelecom Group consists of six companies: Lattelecom, Lattelecom BPO and its subsidiary BPO Baltic, Citrus Solutions, Lattelecom Technology and Baltijas Datoru Akademija.

Lattelecom also owns 23% of the share capital of Latvijas Mobilais Telefons.