Orange Polska profit beats expectations
22:50
Poland’s largest telecommunications firm Orange Polska generated a net profit of PLN 271 million in the first quarter of 2014 compared to PLN 81 million a year earlier. Analysts had expected the result to be PLN 228.9 million.
The company’s EBITDA came in at PLN 1.14 billion in Q1 2014 compared to PLN 1.03 billion a year earlier and market consensus of PLN 1.01 billion.
The results were affected by the sale of internet portals subsidiary Wirtualna Polska for PLN 375 million, the company said. The adjusted EBITDA result was PLN 951 million.
Orange Polska recorded revenues of PLN 2.95 billion in Q1 2014, 7.9 percent lower than a year ago. Analysts expected the revenue to be PLN 3.06 billion.
