The revenues of the Bulgarian Telecommunications Company (BTC) rose 12% in the first half of this year and the profit 10%. The financial results were reported by the BTC management at a news conference on Thursday only a day after the negotiations with OTE/KPN for sale of 51% of the country's state-owned telecommunications operator were called off. The first-half revenues total BGN 390.2 million and the balance-sheet profit is BGN 100.4 million. The results are calculated under the national accounting standards, said BTC Financial Director Elena Georgieva. 20% of the company's subscribers have generated 80% of the revenue. BTC's projections under the Bulgarian accounting standards are for a BGN 130 million net profit for the whole of this year, up from 96.3 million last year, and BGN 200 million balance-sheet profit. The company refuted information in the media that it would submit suggestion for 30% increase in the price of telephone calls as from September 1