Grupa ITI announces good Q1 with $23 million profit

Meanwhile, its flagship subsidiary, TV station TVN managed to boost its sales by 14% and increase viewership from 15.2% to 16.8% of the audience. Thanks to the very impressive revenue performance of its other subsidiaries such as ITI Film Studio and cinema network Multikino, Grupa ITI attained a Q1 net profit of $23 million, as compared with a $7 million loss in the respective period of last year. The Luxembourg-bourse listed Grupa ITI plans to debut on the Warsaw Stock Exchange (WSE) in the second half of this year. (Rzeczpospolita, May 15-16, p. B3) T.J.