Telekomunikacja Polska reports 34% rise in profit

4 Apr 2003

Poland’s largest telco Telekomunikacja Polska (TP SA) has reported mixed results for the end of 2002, with revenues from the fixed line sector falling and growth in the mobile sector slowing, but net profit rising by 34% to PLN919 milion. The group has attributed the jump in profit to a restructuring scheme undertaken during the year.