Netia dials up big numbers
The figures follow a successful second quarter where the company collected zł.36.7 million in net income, zł.22.4 million in operational income and zł.222.1 million from sales.
The results are in response to a series of takeovers and organic growth of the business. Sales of products other than traditional voice services grew in the first three quarters by 71 percent to make up 41 percent of the total income for Q3.
Last month a company spokesperson told investors that by the end of 2004, income from sales will reach zł.900 million, EBITDA will equal 34-35 percent and operational income will constitute 10 percent of total revenue.
Netia is obliged to repay all of its liabilities by the second quarter of 2005. The obligations total zł.11.87 million for loans made in 2002 by Netia Holdings, Netia Telecom, and Netia South. The liabilities will either be repaid in cash or with newly issued shares. (A.B.)
The results are in response to a series of takeovers and organic growth of the business. Sales of products other than traditional voice services grew in the first three quarters by 71 percent to make up 41 percent of the total income for Q3.
Last month a company spokesperson told investors that by the end of 2004, income from sales will reach zł.900 million, EBITDA will equal 34-35 percent and operational income will constitute 10 percent of total revenue.
Netia is obliged to repay all of its liabilities by the second quarter of 2005. The obligations total zł.11.87 million for loans made in 2002 by Netia Holdings, Netia Telecom, and Netia South. The liabilities will either be repaid in cash or with newly issued shares. (A.B.)
