Netia posts 1Q net loss

23 May 2006

Polish telecoms group Netia posted a PLN10.6 million net loss in the three months ended 31 March 2006, against a net profit of PLN23 million in the same period of 2005. First quarter sales rose slightly to PLN218 million, but remained below the expected PLN229 million. The company claimed the results were a ‘temporary blip’ and the result of higher investment in WiMAX and UMTS technologies.

Poland, Netia