Orange Polska posts a 87% drop in profits in Q2 y/y

Listed telecom operator Orange Polska reported a consolidated net profit of PLN 17 million in Q2 2016 compared with PLN 126 million in the corresponding period last year (87 percent decline y/y), the company announced in a report. The company's revenues fell by 4 percent and amounted to PLN 2.9 billion, versus PLN 3 billion in the previous year. EBITDA stood at PLN 824 million in Q2 2016, while in Q2 2015 it totaled PLN 959 million. Orange Polska is a telecommunication services provider. It has been traded on the WSE since 2000.