Broker FM breaks out early
Broker FM SA, the operator of Poland's most popular radio station, has hit the ground running in 2005.
The company last week reported its Q1 results, and was proudly pointing to the net profit on the foot of its balance sheet. "This is the first time we have recorded net profit in Q1, which is usually the most difficult period in our branch," said the group's deputy president, Marek Dworak.
In Q1, Broker FM generated revenues of zł.37 million, 36.4 percent higher than in the same period of 2004, and a net profit of zł.521,000. Some 90 percent of the group's profit is still generated by radio broadcasting and advertising, so it was good news for the station that in Q1 2005 market growth in radio advertising amounted to almost 12 percent.
In Q2 the company is planning to finalize the purhase of Ukrainian Station Radio Man for around zł.329,000. It also has its eye on stations curently owned by media giant Agora. "We are also counting on more frequencies for Radio Classic, especially now that the advertisement income of the station increased by 348 percent, " said Dworak.
The deputy president is hoping for a 2005 net income increase of 20 percent compared to last year's zł.13 million.
The company last week reported its Q1 results, and was proudly pointing to the net profit on the foot of its balance sheet. "This is the first time we have recorded net profit in Q1, which is usually the most difficult period in our branch," said the group's deputy president, Marek Dworak.
In Q1, Broker FM generated revenues of zł.37 million, 36.4 percent higher than in the same period of 2004, and a net profit of zł.521,000. Some 90 percent of the group's profit is still generated by radio broadcasting and advertising, so it was good news for the station that in Q1 2005 market growth in radio advertising amounted to almost 12 percent.
In Q2 the company is planning to finalize the purhase of Ukrainian Station Radio Man for around zł.329,000. It also has its eye on stations curently owned by media giant Agora. "We are also counting on more frequencies for Radio Classic, especially now that the advertisement income of the station increased by 348 percent, " said Dworak.
The deputy president is hoping for a 2005 net income increase of 20 percent compared to last year's zł.13 million.
