Agora posts poor Q4 results

Despite Agora's purchase of several companies, it posted similar revenues for 2002 as for the previous year. "I do not yet have any data for December 2002 but the financial results the fourth quarter were poor, just as we expected. However, a small 0.5% increase is possible," said Agora president Wanda Rapaczynska. She added that excluding the consolidation of Poznan-based outdoor advertising company Art Marketing Syndicate and a number of radio stations, the revenues of the Agora Group will drop by about 6% year on year. "Since television is systematically strengthening its position, we expect the share of the press in the advertising market to decrease," said Rapaczynska. (Parkiet, p. 3) A.Z.