Netia Q2 profit down

WSE-listed telecommunications firm Netia reported PLN 15.2 million net profit in Q2 down by 36 percent y/y. Revenues dropped by 6.6 percent to PLN 361.2 million. EBITDA amounted to PLN 98.9 million, up by 1 percent y/y. The company suffered subscriber losses in the tv segment (2k less subscribers y/y), which was offset by the 30 percent increase in the mobile services segment. At end-Q2, Netia had 620k broadband internet subscriber and 626k phone services customers. The average revenue per user (ARPU) was PLN 56.