UPC sales and profits up, but subscriber number down

In the third quarter of 2003, UPC Polska, the owner of the largest cable te levision network, has posted a 17% increase in sales revenues thanks to a 1 00% increase in revenues from its IT services. The firm posted a Q3 net pro fit of $11.4 million. Despite the fact that at the end of the third quarter, UPC had 7,000 fewer subscribers than at the end of the first quarter, it ma naged to generate larger sales revenues. The reserves earlier created due to the legal dispute with the artists union ZASP and HBO, mean that after the first nine months of 2003, UPC's operational loss amounted to $14 million. After three quarters, UPC's net loss has decreased to $50.9 million, down f rom $101.1 million. (Rzeczpospolita, p. B4) A.Z.