Orange with PLN 71 mln Q2 net profit

WSE-listed telecom Orange Polska had an attributable net profit of PLN 71 million in Q2 which is a 317 percent y/y increase. Revenues fell 2.2 percent y/y to PLN 2.84 billion, while EBITDA amounted to PLN 812 million, a 1.5 percent y/y drop. Revenues from mobile services dropped to PLN 1.56 billion from PLN 1.6 billion a year earlier (2.2 percent decline). Revenues from the sale of mobile equipment amounted to PLN 308 million, compared to PLN 272 million in the second quarter of 2016. Revenues from fixed-line services decreased 3.4 percent y/y to PLN 1.17 billion.