Netia reports PLN396.3 million revenue for 2Q11

4 Aug 2011

Polish broadband provider Netia recorded revenues of PLN396.3 million (USD140 million) for 2Q11, an increase of 0.7% year-on-year. Adjusted EBITDA fell by 2.7% from the previous year, to PLN92.8 million. CAPEX increased compared to 2Q10, rising to PLN49.7 million. Net profit rose to PLN16.3 million, an increase of 3.75% against the previous year. Increased competition in the broadband sector resulted in slower growth than previously projected, with 15,500 net additions for the March-June 2011 period, around 40% of which were in the DSL market.

Poland, Netia