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...

Agora wants to buy 2.5% of its shares

WSE-listed media group Agora wants to buy up to 1.19 million (2.5 percent stake) of its shares for PLN 20 apiece, the company said in a market filing, adding that it is ready to spend up to PLN 23.83 million on the buyback program.

Locked content Discovery buys TV station from Agora

WSE-listed media group Agora will sell its remaining 51.06 percent stake in its terrestrial TV station Metro for PLN 19.5 million to Discovery Polska. After the transaction, Discovery will hold a 100 percent stake in Green Content, the company which owns the station. Agora expects that the transacti...

Locked content Discovery buys 21.5% shares in Agora’s Metro TV

Discovery Poland, which runs the popular television channel Discovery, has purchased a significant number of shares from Agora, the parent company of TV station Metro, Gazeta Wyborcza reported Friday. The deal, which will see Discovery obtain a 21.5 percent stake in the recently launched over-the-ai...

Locked content Agora to fire 135 employees, closes daily paper

WSE-listed media group Agora will lay off up to 135 of its employees (6.8 percent of the staff) by the end of the year, the company wrote in a market filing. The company explained that it has made such a decision because of the negative trends on the press market. “Stabilization of financial results...

Locked content Ad market to grow by 3-5% in 2016 – Agora

Media group Agora expects Poland’s ad market to grow by 3-5 percent y/y in 2016, the company said in its 2015 financial report. Poland’s ad market increased by 4.5 percent in Q4 2015 and by 4.5 percent in FY 2015, Agora said. The company posted a consolidated net profit of PLN 15.7 milli...