The state-owned group's net sales revenue dropped by 2% to EUR 360m, Telekom said in the press release.
The group's earnings before interest and taxes (EBIT) amounted to EUR 16.8m, down 33%, with earnings before interest, taxes, depreciation and amortisation (EBITDA) dropping by 6% to EUR 100.9m.
EUR 48.5m was earmarked for investments in the first six months of the year, mostly to modernise and develop broadband fibre optic networks and the mobile network.
The parent company's operating revenue dropped by 3% to EUR 325.3m, with its net profit dropping by 45% to EUR 15.7m.
Its market shares in land-land broadband access and in mobile telephony in the first quarter of the year reached 33.6% and 45.3%, respectively, down 0.4 percentage points year-on-year in both cases.
Telekom is dominated by the state, which holds almost 74% of the stock through fund KAD, Slovenian Sovereign Holding, First Pension Fund and its fund Modra Zavarovalnica.
In end-June, the group employed 3,634 workers or 39% fewer than at the end of 2017. The number of employees of the parent company meanwhile dropped by 23 to 2,315.
For the entire year, Telekom plans group operating revenue of EUR 755.3m and net profit of 40.9m, while planing to invest a total of EUR 158m.
