TP Q1 results beat expectations

29 Apr 2008

Profits at Poland’s TP Group rose beyond expectations in the first quarter, rising by 31.5% year-on-year to PLN681 million, helped by a 2% increase in sales to PLN4.53 billion. The group’s mobile segment reported a 12.6% increase in turnover to PLN2.09 billion, helped by a 9.6% increase in subscriber base to 14.01 million, while its fixed line operations saw sales slip by 3.7% to PLN2.64 billion as a result of an increasingly competitive environment. CAPEX in the first quarter was PLN642 million, or 14.2% of revenues, up from 9.8% in the same period of 2007.

Poland, Orange Poland