Telecommunication provider Go’s profit dropped €4.4 million last year.
The company said it registered €18 million in operational profits compared to €22.4 million in 2012.
The 2012 results had been positively impacted by a one-off gain of €11.4 million following the disposal of a plot of land in Qawra.
The company said its customer base increased by one per cent during 2013 and stood in excess of 500,000 customer connections, making it the largest base of any operator on the islands.
The number of customers adopting bundles of services across fixed, broadband, TV and mobile continued to increase, helping to deliver robust levels of revenues, profitability and cash generation from core operations.