Polish cableco Multimedia Polska has booked revenues of PLN162.95 million (USD47.9 million) for the first quarter of 2012, up 9.6% year-on-year from PLN148.66 million. Rising operating expenses offset the revenue growth, however, with net profits for the three months ended 31 March 2012 down to PLN18.71 million from PLN20.4 million in the corresponding period of 2011, whilst operating expenses rose by 12.7% to PLN127.04 million compared to PLN112.77 million a year earlier.
In terms of operations, Multimedia closed out the first quarter with 1.54 million revenue generating units (RGUs), compared to 1.51 million in Q4 2011. Video subscribers increased to 861,277 from 840,341 at end-2011, whilst voice subscribers dipped from 272,918 to 271, 447. Broadband subscribers grew by 2.6% quarter-on-quarter to 410,292, due chiefly to net additions of 10,156 cable subscribers during the period.