Orange Polska with significant drop in net profit & revenues

Listed telecom operator Orange Polska reported a consolidated net profit of PLN 98 million in Q1 2016 y/y, compared with PLN 171 million in the previous year (42.7 percent decline), the company announced in a report. The company's revenues fell by 4.2 percent and amounted to PLN 2.80 billion, versus PLN 2.93 billion a year earlier. EBITDA stood at PLN 868 million in Q1 2016, while in Q1 2015 it totaled PLN 960 million. Orange Polska is a telecommunication services provider. It has been traded on the WSE since 2000.