Crnogorski Telekom announced earnings results for the first nine months of 2016. For the period, the company’s net profit dropped 37% to EUR 8.7 million. Revenues fell 8% to EUR 69.4 million through September, while total operating income decreased 8.3% to EUR 69.6 million. Earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items, declined by 16% to EUR 24.0 million, while earnings before interest and taxes (EBIT) dropped by 33% to EUR 9.7 million.