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Multimedia Polska reports 12.3 percent rise in 1H profits

2007-08-14

Triple-play operator Multimedia Polska (www.multimedia.pl) reported first-half profits rose 12.3% compared to the same period in 2006 as it continues its acquisition spree. Multimedia recently acquired 15 cable operators in northern Poland and is looking for more.

First-half profits totaled 28.8 million zloty (€7.7 million), while revenue for the first half was 202.4 million zloty, an 8.4% rise from last year. EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to 101.1 million zloty, a year-on-year rise of more than 13%.
Multimedia, which has 600,000 subscribers to its cable, broadband and telephone services, raised 230 million zloty on the Warsaw Stock Exchange last year for acquisitions. Its strategy envisions entering some larger Polish cities yet this year as it expands its network.

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