Play records 47 percent growth in EBITDA in Q4 of 2015 y/y

Telecommunications operator Play recorded an operating revenue of PLN 1.47 billion in the 4th quarter of 2015, the company announced in a dispatch, noting that this constitutes a 22 percent increase y/y. Its adjusted EBITDA for this time period amounted to PLN 425 million, a 47 percent increase y/y. The company achieved a profit margin of 28.9 percent in the quarter, a figure that is notably higher than the 23.9 percent it had a year ago. The amount of clients served by the operator reached 14.15 million, which gives Play 25.2 percent of the market share in Poland. The dispatch noted that among other things, the main factors contributing to the performance improvement were an increase in clients with contracts, from 47.3 to 50.0 percent of its total client base, as well as the expansion of its 4G LTE network, which now reaches 78 percent of the population.