Feb. 1 (Bloomberg) -- AB TEO LT, Lithuania’s biggest communications company, said profit fell 5.2 percent in 2011 from a year earlier after sales slowed.
Net income fell to 154.5 million litai ($58.38 million), compared with 162.9 million litai in 2010, the Vilnius-based company said in a statement to the stock exchange today.
Sales fell 3.1 percent to 749.8 million litai from 773.4 million litai in in 2011 from the previous year.
--Editor: James M. Gomez
To contact the reporter on this story: Milda Seputyte in Vilnius at email@example.com
To contact the editor responsible for this story: Balazs Penz at firstname.lastname@example.org