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...

Locked content Agora net loss down to PLN 0.23 mln

Media company Agora posted a consolidated net loss of PLN 0.23 million in Q1 2015, compared with a net loss of PLN 9.61 million in Q1 2014, the company informed in a financial statement. The company’s operating loss amounted to PLN 2.53 million, versus a loss of PLN 9.57 million y/y Q1. Sales ...