Netia profits up, revenues down in 2014

Poland's second largest telecommunications firm Netia reported consolidated net profits of PLN 174.83 million in 2014, compared with PLN 46.29 million in 2013. Revenues totaled PLN 1.674 billion in 2014, versus PLN 1.876 billion in the previous year. Adjusted EBITDA stood at PLN 493 million in 2014. Netia plans to report a positive net balance in 2015 and reduce revenue loss to a one-digit number, according to Paweł Szymański, a member of the board and a financial director.