Czech telecom giant Telefonica O2 registered a 34% net profit rise to a record 6.8 billion koruny ($305.7 million) in the January-September period, 400 million koruny ($18 million) beyond analysts' expectations, a report from the Czech News Agency said.
The report said revenues were 0.6% higher than a year ago at 45.6 billion koruny ($2 billion).
In the full year 2006, the report said Telfonica O2 expected around the same revenues as last year. Operating profit should grow by 2%.
The company attributed the profit rise to low writeoffs, amortization and a cut in financial costs, the report said.
Revenues from fixed-line operation fell 4.8% to 22.5 billion koruny ($1 billion), mainly due to a drop in revenues from traditional voice services, which fell by nearly 8% to 7.9 billion koruny ($354.5 million).
In contrast, revenues from fast Internet connections rose 7% to 2.5 billion koruny ($112.2 million).
Mobile service revenues rose by 5.9% to 22.8 billion koruny ($1 billion), with subscriber base growing 6% to 4.76 million, the report said. The company acquired 84,000 new clients in the first three quarters.