Orange Polska with higher profit, lower revenue

Poland’s largest telecommunications company Orange Polska recorded a consolidated net profit of PLN 94 million in the second quarter of 2014 compared to PLN 76 million a year earlier, the company said in its financial report. The company’s Q2 2014 operating profit was PLN 200 million compared to PLN 218 million in Q2 2013. Revenue amounted to PLN 3.08 billion compared to PLN 3.3 billion in the corresponding period of 2013. “The decline reflects the loss of revenue (PLN 107 million) due to regulatory decisions, mostly the reduction of MTR1 rates,” the company said..