In all, the highest net profits amounted to 1.555 billion lei (EUR334.3 million), while revenue stood at RON32.8 billion (EUR7.1 billion), which means the profit margin was 5%, according to the same source.
Orange remains the most profitable business in the entire IT&C industry in Romania, even though its profit has significantly eroded in the last few years. The operator posted RON192 million net profit in 2018, 40% lower than in 2017. The local subsidiary of the French giant posted RON805 million net profit in 2011 and RON1.6 billion net profit in 2008.
Vodafone, the second largest telecom in Romania, which has recently acquired cable TV service provider UPC, had a 5% profit margin in 2018, higher than market leader Orange’s (3% in 2018).
(English version by Loredana Fratila-Cristescu)