PTC's Q2 results hit by costs of winning customers

In the second quarter, Polska Telefonia Cyfrowa (PTC) owner of mobile phone operator Era generated a zł. 121 million net profit as compared to zł. 13 m illion during the same period last year. According to analysts, the company is trying to make up for ground it lost to its rival Centertel last year. " An increase in revenues and the stable rate of the złoty are the two main f actors responsible for the better result," said PTC's financial director Jo hn Eastick. At the same time, the value of EBITDA has dropped from nearly z ł. 510 million to zł. 502 million. "Poor EBITDA, particularly with such an increase in revenues, is the result of high costs incurred by attempts to w in customers," said Michał Marczak, a telecommunication sector analyst. (Pu ls Biznesu, p. 6) A.Z.