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 to PLN 258.3 million.  The results were influenced by negative market trends, in particular, a decline in cinema attendance. On the other hand, the net result was positively impacted by the profit from the sale of shares in Stopklatka S.A. The impact on the net result stood at PLN 22.6 million, Agora said.