Efficient private stations inch closer to TVP's numbers

Polsat posted a consolidated net profit of zl.71.1 million in Q1, while TVN's result was almost one-third lower over the same period. In turn, TVP posted a net profit of zl.86 million in Q1, but this was inflated by a high collection of TV subscription fees, which usually takes place in Q1. Thanks to high profits, Polsat has the highest net-profitability ratio, with 38%, while TVN has 21% and TVP - 18%. "Growth of profitability and profit stems from the method of managing funds and searching for cost efficiency," said Eryk Walkiewicz, a member of Polsat's management board. However, in terms of profitability per person employed, the results are slightly different, with TVN leading the race with zl.389,000, Polsat with zl.355,000 and TVP with only zl.99,000. (Puls Biznesu, pp. 1, 4-5) M.M.