Locked content Agora ends long-term agreements with Ruch

Media group Agora decided to terminate long-term distribution agreements with Ruch. The decision was taken due to Ruch liabilities towards Agora, the media company said. At the same time, Agora expressed willingness for further cooperation with Ruch based on current bilateral agreements. In January-...

Locked content Agora with negative EBITDA of PLN 2.4 mln in Q2

Media group Agora recorded PLN 0.3 million consolidated net profit in Q2, flat versus a year ago. Operating loss widened to PLN 22.8 million from 6.8 million in Q2 2017. EBITDA loss stood at PLN 2.4 million versus positive EBITDA of PLN 31.4 million a year ago. Revenue in Q2 declined by 8.6 percent ...

Locked content Agora will write down about PLN 13.6 mln

Media group Agora decided to make a write-down on overdue receivables for about PLN 13.6 million. The amount is not final and may be changed during the review of financial statements, the company said. The write-down can have a negative effect on the financial results, Agora warned. The company plan...

Locked content Agora sees 2022 EBITDA at PLN 200 mln

Media company Agora targets revenue at about PLN 1.6 billion and EBITDA at PLN 200 million in 2022. The company plans to keep current dividend policy of PLN 0.5 per share, Agora said in the new strategy for 2018-2022. Agora plans that Helios cinema network revenue will increase by 44 percent (9.5 pe...

Locked content Kino Polska TV buys 41.14% stake in Stopklatka

Kino Polska TV acquired 41.14 percent shares in Stopklatka from WSE-listed media group Agora. The deal value is PLN 32.2 million, or PLN 7 per share, Kino Polska TV informed. Agora said in a statement that the transaction will have a positive impact on the group’s net result in Q2. It is estim...

Locked content Agora with Q4 loss

WSE-listed media group Agora had a PLN 73.5 million consolidated net loss in Q4, against PLN 10.2 million profit a year earlier, the company said in its report. Revenues amounted to PLN 330.4 million, compared to PLN 340.3 million a year earlier. EBIT loss was PLN 74.2million, compared to a PLN 24.7...

Locked content Agora to sell its stake in TV station

WSE-listed media group Agora signed a letter of intent with Kino Polska TV regarding selling its stake in the TV channel Stopklatka. “According to the letter of intent, Agora and Kino Polska shall negotiate the rules and conditions of the potential transaction. The letter does not constitute a bindi...

Locked content Agora faces up to PLN 95 mln hit on Q4 results from impairments

WSE-listed media group Agora will reevaluate some of its assets in the printing segment as well as Cztery Kąty monthly and the classified ads website group Trader.com, the company said in a market filing In total, write-offs may reduce the group’s operating result for Q4 by PLN 70-95 million. ...

Locked content Agora to set up tax group. Eyes PLN 5 mln in tax reduction

WSE-listed media group Agora will set up a tax group and hopes to save some PLN 5 million in taxes annually till 2020, the company said in a market filing. The group will consist of Agora and a number of its subsidiaries. It will be set up on March 1, subject to a number of…

Locked content Agora with smaller Q3 loss

WSE-listed media group Agora recorded a consolidated net loss of PLN 2.2 million in Q3, against PLN 14.5 million loss a year earlier, the company said in its report. Revenues amounted to PLN 251.4 million, compared to PLN 273.4 million a year earlier. EBIT loss was PLN 9.1 million, compared to a PLN...