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CYTA profits at 13-year high
January 25, 2022
The Cyprus Telecommunications Authority (CyTA) said Monday it is increasing its profits as well as its market share while giving back to the state over €1 billion in the form of dividends and taxes over the past 20 years.
CyTA chairman Michalis Ioannidis was speaking at the House finance committee, reviewing the organisation’s budget for fiscal year 2022.
The 2022 balance sheet visualises a €39.4 million after-tax surplus, with total spending at €434.2 million.