Polsat sees earnings drop

By FNE Staff
    Cyfrowy Polsat has announced a 29% drop in net profits for the second quarter of 2009.

    The private Polish TV station had net profits of ZL 56 million in net profits, instead of the expected ZL 63 million, according to Reuters.

    Revenues rose 17%, to ZL 323 million,while EBITDA fell 24% toZL 78 million.

    Polsat (www.polsat.pl) is owned by Polish businessman Sygmunt Solorz-Zak.