Netia beats profit expectations

WSE-listed telecom had PLN 2.4 million net profit in Q4 compared to PLN loss that analysts expected. In revenues, the company posted a 7.7 percent drop quarter-to-quarter with PLN 371.7 million. For the full 2016 results, the revenue stood at PLN 1.52 billion and were 3 percent lower year-on-year Lower costs helped posting a profit at the EBIT level at PLN 7.0 million while EBITDA stood at PLN 101.6 million