TP's Q1 results appear a mixed blessing

However, this seems to be the only good news concerning the Q1 result for while sales were at a rather satisfactory level, the actual net result disappointed the investors the most. TP generated a Q1 net profit of zł.450 million, which is 8% less than a year earlier and around zł.100 million less than expected by market analysts. TP president, Marek Józefiak, declared in a statement that the management board is happy with the results and that the trend of falling revenues from fixed-line telephone services have been finally halted. (Puls Biznesu, p. 10) A.K.