Cyfrowy Polsat with PLN 291.2 mln Q2 net profit

WSE-listed media group Cyfrowy Polsat net profit amounted to PLN 291.2 million in Q2, below the PLN 238 million market consensus. Revenues amounted to PLN 2.47 billion, up by 1.1 percent. Analysts surveyed by the Polish Press Agency (PAP) expected a PLN 2.44 billion in revenues. EBITDA amounted to PLN 963.7 million, up by 3.1 percent y/y. At the end of June, the group provided customers with 16.27 million services, compared with 16.71 million last year, mostly due to a 25.2 percent y/y drop in pre-paid services. The number of contract services increased year-on-year in the second quarter by 4.2 percent. To 13.42 million. Growth was recorded for both mobile telephony (6.81 million services, 3.8 percent increase), pay television (4.83 million, up by 4.4 percent) and internet services (1.77 million, 5 percent increase). Polsat's share in TV viewership dropped to 24.9 percent in the first half of the year, compared to 25.3 percent last year, while advertising share increased by 0.5 percentage points to 27.6 percent.