Era's H1 results give sector analysts cause for concern

The operational profit stood at zł.846.66 million, while EBITDA grew to zł.1.38 billion from zł.1.31 billion in H1 2004. The net profit improved thanks to the lowering of financial costs and totaled zł.623.9 million as compared to zł.477 million in H1 2004. Telecom sector analysts were not impressed with the company's results as its growth dynamics have significantly slowed down and analysts are beginning to believe that PTC is on course to lose its leading position on the market. "PTC still has the largest number of subscribers, however, it is probable that this will change soon. In the first half of 2005 the Era operator attracted twice as few new subscribers as compared to Centertel," said Michał Marczak, an analyst with DI BRE. (Puls Biznesu, p. 7) A.K.