Profits down

The figures were far lower than those recorded in Q1 2004 when the operator had a net profit of zł.609 million on revenues of zł.4.59 billion. TP's mobile telecom subsidiary, Centertel, was the main factor behind the drop in revenues with its increase in sales amounting to less than zł.200 million. Meanwhile, revenues from fixed-line operations declined 12.5% and analysts expect this downward trend to continue.