TP appears to have halted its falling revenues

The market reacted positively to the news that the company managed to halt its recent tendency of falling revenues which were in the first quarter down by 3% as compared to Q1 2004. During yesterday's trading on the Warsaw Stock Exchange (WSE) the company's share price rose by 2.3% to reach zł.22.10. The financial report which brought this news also revealed that TP's Q2 operational profit, which amounted to zł.1.07 billion, was not only higher than analysts estimated, but also exceeded the result obtained last year when it stood at zł.919 million. "However, it can also be concluded from the report that the revenues from fixed line services are falling and which are compensated by revenues from its mobile phone operator Idea," said Dorota Puchlew, analyst with the brokerage house of PKO BP. (Puls Biznesu, pp. 1, 10) A.K.