TP Group's revenues slide 7.5%, predicts lesser drop in 2H

28 Jul 2010

Polish telecoms group Telekomunikacja Polska (TP) has reported a 7.5% fall in sales in the first six months of 2010 to PLN7.86 billion (USD2.6 billion), but was heartened by the fact that the drop slowed to 4.7% in the second quarter, commenting that it expected the revenue decline to be less than 4% in the second half of the year. Mobile revenues at the group’s Orange Poland subsidiary in 1H 2010 fell 4.7% year-on-year to PLN3.77 million, as the number of pre-paid customers dipped by 1.1% to 7.238 million. This was partially offset by a 5.3% increase in post-paid accounts to end June with 6.791 million. The group’s fixed line operations recorded a 9.6% fall in first half sales to PLN4.599 million, although within this figure broadband sales climbed 1.4% to PLN777 million. The number of total fixed broadband accesses climbed by 5.3% to 2.707 million, while its TV customer base jumped by 89% from 239,000 at June 2009 to 453,000 a year later. First half EBITDA dipped 10% to PLN2.892 million, while net profit fell 13.3% to PLN609 million.