Cyfrowy Q2 net falls 29 pct, undershoots f'casts
Poland's top pay-TV provider, Cyfrowy Polsat, reported on Thursday a 29-percent net profit drop in the second quarter and missed expectations due to weaker zloty and bruising battle for new customers.
The group, controlled by Poland's richest man Zygmunt Solorz-Zak, earned 56 million zlotys versus 63 million expected by analysts in a Reuters poll.
Revenue rose 17 percent to 323 million compared to 324 million seen by analysts.
(Reporting by Adrian Krajewski)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick