08-04-2008

ITI Group 2007 revenue rises 36.3 percent

By

ITI Holdings SA reported on Tuesday financial results for 2007 that showed consolidated revenue rose 36.3% over the previous year, driven mainly by operations by its flagship TVN Group. Revenue was nearly €485,000, with revenue from TVN and the Grupa Onet portal accounting for about 86% of the total.

ITI Group EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by 41.2% on established activities to €153,720.

ITI's digital television platform "n" has acquired more than 300,000 subscribers since its lauch last year, while Onet maintains its position as Poland's top commercial internet platform, the company said.