Netia net profit up at PLN 18.8 mln in Q3

Netia recorded PLN 18.83 million of consolidated net profit in Q3 compared to PLN 13.8 million a year earlier, the company said. Operating profit amounted to PLN 23.13 million versus PLN 20.69 million y/y. Revenue grew to PLN 340.83 million from PLN 356.46 million in Q3 2017.

In the 9-month period, the company had PLN 51.72 million of consolidated net profit attributable to shareholders compared to PLN 40.04 million y/y.  Revenue stood at  PLN 1.03 billion in comparison with PLN 1.08 billion a year ago.

The decrease in revenue was primarily related to the lower number of services and with the ongoing price pressure on voice services, Netia specified.