Telefónica Czech Republic’s net profit down by 16 percent last year

The mobile phone operator Telefónica Czech Republic’s net profit dropped by 16 percent to 5.7 billion crowns last year, the company said in a statement on Wednesday. The firm’s revenues decreased by 6.5 percent to 47.37 billion crowns; however, the number of its clients rose by 130,000, reaching 5.1 million. The company’s management will propose a dividend between 18 and 30 crowns per share. Telefónica, the largest Czech mobile operator, was last year acquired by the PPF investment group.