Non traditional services and cost-cutting help Netia post 25% growth

Telecom operator Netia has positively surprised its investors by showing a 25% growth in revenues in Q2 this year. The company has closed this period with zł.21 million of operating profits and zł.38.4 million of net profits. "What the company has recorded in the second quarter, especially after Netia's president Mądalski announced that increased costs appeared after the merger with El-Net which were not booked in Q1, can only lead to euphoria," said DI BRE Bank analyst Michał Marczak. The most admired among analysts however was the company's EBITDA margin which amounted to 37.8%. Company president Wojciech Mądalski announced that the growth was mainly achieved through expansion of its non-traditional services, such as data transmission, and indirect voice services. The company is still continuing its cost restructuring program, but declared that increased revenues were also obtained thanks to the acquisition of El-Net. (Puls Biznesu, p. 9; Parkiet, p.5) A.K.