Fakt profits
Axel Springer's net profit rose to EUR 47.6 (zł.198) million even though revenues in the quarter to March remained almost flat at EUR 578.7 (zł.2,408) million.
"We have seen strong increases in circulation and advertising sales at newly launched objects, and have reduced launch losses on a sustainable basis," said chief executive Mathias Doepfner.
Doepfner said Fakt, which became Poland's best-selling newspaper soon after its launch in October 2003, has already turned profitable in the quarter. He reiterated he expected slight sales and earnings increases in the full year.
Growth in Springer's home market, Europe's slowest-growing economy, is elusive due to weak consumer confidence and because its acquisition options are limited on antitrust grounds, prompting Doepfner to look at a larger TV exposure.
Sources close to the situation say it is preparing to increase its 12-percent stake in Germany's biggest commercial broadcaster, ProSiebenSat.1 Media, to at least 25 percent. (Reuters)
"We have seen strong increases in circulation and advertising sales at newly launched objects, and have reduced launch losses on a sustainable basis," said chief executive Mathias Doepfner.
Doepfner said Fakt, which became Poland's best-selling newspaper soon after its launch in October 2003, has already turned profitable in the quarter. He reiterated he expected slight sales and earnings increases in the full year.
Growth in Springer's home market, Europe's slowest-growing economy, is elusive due to weak consumer confidence and because its acquisition options are limited on antitrust grounds, prompting Doepfner to look at a larger TV exposure.
Sources close to the situation say it is preparing to increase its 12-percent stake in Germany's biggest commercial broadcaster, ProSiebenSat.1 Media, to at least 25 percent. (Reuters)
