TPSA announce higher 2005 profits while recording lower revenues

According to the company, the reason for the fall in revenues was "fierce competition" from other telecom operators and the fact that fixed-line telephony is being pushed by mobile phones. The group's fixed-line telephony sales dropped by 11.7% and it could not be compensated by a growth in revenues from mobile telephony and data transmission by almost 17% and 15.6% respectively. The group's net profit amounted to zł.2.31 billion, a growth of 0.4% in relation to 2004 and it was higher than anticipated by analysts. "Q4 results are slightly above the market's expectations, but anyway these were moderate. Nobody expects that TPSA will suddenly improve sales, as it is known that the fixed-line market is shrinking and it is still the main source of revenues," said Michał Buczyński from DM Millennium. The operator announced its new strategy for 2006-2008, the main objective of which is the growth of value, which will be achieved thanks to introducing convergent services. (Puls Biznesu, pp. 1, 6) M.M.