Netia posts bad Q3 results and worse is yet to come

This is a good result, however, according to experts from Deutsche Bank, if it was not for one-off transactions, this sum would fall to a loss of zl.23 million. Revenues stood at the same level as in the same period a year earlier and amounted to zl.230.5 million. Investors were not too happy with the news and this impacted on the company's share price, which dropped 2.97% by the close of trade to stand at zl.4.9. "The situation is bad and will get worse due to the increasing loss of P4 [a recently created mobile phone operator]," said Dorota Puchlew of BDM PKO BP brokerage house. The fourth quarter will be similar to Q3 and most probably Netia will record a loss with a stable level of revenues. The operator is putting its hopes in a new strategy, which is to be announced within a couple of weeks. (Puls Biznesu, p. 11) A.K.