TVN revises its 2005 projections following excellent H1

Revenues in Q2 also exceeded expectations and totaled zł.218 million. "The second quarter was very good despite the mourning period after the Pope's death. If not for the break in the advertisements broadcast it caused, the growth of revenues would be even higher," stated TVN deputy president Karen Burgess. TVN's H1 net profit amounted to zł.105.7 million which mark a growth of 31% in comparison with the same period last year. The broadcaster announced it expected its revenue to grow 11-15% in contrast with an earlier projected growth of 9-13%. "We highly rate our TV program schedule we prepared and hope it will result in a growth of paid advertising spots in Q4," declared TVN president Piotr Walter. The company will also undoubtedly benefit from the growth of the advertising market which is expected to expand by 9% this year. (Puls Biznesu, pp. 1, 6) E.B.