Agora with Q4 loss

WSE-listed media group Agora had a PLN 73.5 million consolidated net loss in Q4, against PLN 10.2 million profit a year earlier, the company said in its report. Revenues amounted to PLN 330.4 million, compared to PLN 340.3 million a year earlier. EBIT loss was PLN 74.2million, compared to a PLN 24.7 million profit last year. “We are satisfied with the results generated by most of our businesses in 2017. In the film and book segment, we closed the past year with a two-digit increase in revenues and profits. We have completed many great films, books, and music projects and have maintained a high rate of expansion of the Helios cinema network. The profits of the radio and outdoor advertising segments grew at the double-digit rate, and these were the best results in history,” Agora’s CEO Bartosz Hojka said.