Grupa TVN record an increase in Q1 profits of almost 40%

The result exceeded the estimations of sector analysts who predicted that profits would reach zł.46.3 million. In the same period revenues grew by 22% to reach zł.236 million. The improving financial standing is a result of growing revenues from advertising, which grew in Q1 by 15% to zł.188 million. In this period the value of the whole TV advertising sector increased by only 7%. TVN's president Piotr Walter confirmed that the group plans to record an increase in annual revenues of 16-18%, to reach a sum of around zł.1 billion. (Puls Biznesu, p. 12) A.K.