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 9.7 million loss last year. The group managed to significantly reduce its loss mainly thanks to the sale of the stake in TV station Metro. Previously, Agora said it expected to book a PLN 11.4 million gain this quarter thanks to the transaction. “The prospects for consolidated Q4 financial results are good as the end of the year is seasonally the best period on the advertising market and the time of the highest attendance in our cinemas,” Agora’s CEO Bartosz Hojka said.