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Bite Group Revenues Up by 6.1 Percent

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Baltic mobile network operator, Bite Group's revenue for the third quarter of this year rose by 6.1 percent to reach EUR49 million. EBITDA increased by 7.9 percent compared with the third quarter of the last year's, reaching EUR14.7 million.

Bite Lithuania's revenue during the third quarter remained stable and amounted to EUR36 million or one percentage point less than in the same period last year. The company's EBITDA amounted to EUR11.3 million and EBITDA margin was 31.4 per cent. At the end of September Bite Lithuania had more than 1.54 million customers.

Bite Latvia revenues compared to the same period of last year, increased by 21.7 percent to EUR16.3 million. The Company's EBITDA grew by 34.4 percent to EUR3 million. Meanwhile Bite Latvija number of subscribers grew by 21.9 percent to more than 466 thousand users.

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Tags: bite  Lithuania  Latvia