Locked content Cyfrowy Polsat Q2 net profit down at PLN 235.8 mln

In Q2 Cyfrowy Polsat reported PLN 235.8 million consolidated net profit versus PLN 291.2 million a year ago. Operating profit fell to PLN 475.6 million compared to PLN 517 million in Q2 2017. Revenue rose to PLN 2.6 billion from PLN 2.47 billion y/y. In H1 the company had PLN 536.6 million of net pr...

Locked content UOKiK approves Netia’s acquisition by Cyfrowy Polsat

Poland’s antitrust watchdog UOKiK has approved WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. Currently, Cyfrowy Polsat owns an approx. 32 percent stake in Netia. It will acquire further 34.24 percent (119.3 million shares),  receiving a controlling interest. Cyfr...

Locked content Cyfrowy Polsat sees single-digit growth in 2018

WSE-listed Cyfrowy Polsat was positively surprised by the growth in TV advertising market in Q1, but has maintained its single-digit growth forecast for 2018,  board member Maciej Stec said during the conference. According to Polsat’s estimates based on the Starcom data, expenses for advertisi...

Locked content Cyfrowy Polsat with PLN 167 mln Q4 net profit

WSE-listed media group Cyfrowy Polsat net profit amounted to PLN 167.1 million in Q4 down by 52.2 percent y/y. The result was affected by the PLN 144 million one-offs from an increase in income tax liabilities following a change in corporate income tax regulations. Revenues amounted to PLN 2.57 bill...

Locked content Cyfrowy Polsat Q4 profit to take PLN 144 mln hit

WSE-listed media group Cyfrowy Polsat will have its Q4 net profit hit with PLN 144 million in due to an increase of the value of deferred income tax liabilities following a change in corporate income tax regulations, the company said in a market filing. Moreover, the company received some bad news f...

Locked content Cyfrowy Polsat extends tender Netia shares

WSE-listed media group Cyfrowy Polsat extended its tender offer for shares of listed telecom Netia to April 9, as the antitrust watchdog UOKiK sent the case has been entered into the second phase of the proceedings, reserved for more complicated cases. Subscriptions originally were to have ended Mar...

Locked content Cyfrowy Polsat’ Netia takeover under UOKiK scrutiny

The antitrust watchdog UOKiK has extended antimonopoly proceedings on the WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK now can conduct, among others, m...

Locked content Cyfrowy Polsat announces tender offer for 34,24% Netia stake

WSE-listed telecom Cyfrowy Polsat announced a tender offer for 119.35 million Netia shares, representing 34.24 percent stake at PLN 5.77 apiece. The shares will be bought by Polsat’s owner Zygmunt Solorz investment firm Karswell (84.69 million) and Cyfrowy Polsat. The tender will run through January...

Locked content Cyfrowy Polsat to buy 32% of Netia shares

Cyfrowy Polsat has placed a purchase order for some 32 percent of Netia shares from Mennica Polska and FIP 1 FIZAN for a total of PLN 638.8 million, placing the share value at PLN 5.77. The company wants to increase its share in Netia’s AGM votes to 66 percent in early 2018. Cyfrowy Polskat expects&...

Locked content Cyfrowy Polsat with PLN 242.9 mln Q3 net profit

WSE-listed media group Cyfrowy Polsat net profit amounted to PLN 242.9 million in Q3, slightly below the PLN 246 million market consensus. Revenues amounted to PLN 2.39 billion, up by 0.1 percent. Analysts surveyed by the Polish Press Agency (PAP) expected a PLN 2.37 billion in revenues. EBITDA amou...