Wirtualna Polska Q4 profit drops

WSE-listed media group and operator of the wp.pl portal, Wirtualna Polska had PLN 9.68 million consolidated net profit in Q4 down from PLN 23.12 million last year, the company said in a market filing. Revenues were at PLN 137.57 million, up from PLN 122.77 million the year before. EBIDTA was at PLN 44.19 million, up from PLN 36.89 million the year before. In 2017, Wirtualna Polska had PLN 40 million net profit, down from PLN 53.85 million in 2016 with revenues at PLN 465.61 million (up from PLN 415 million). "Above-market growth of our tourism, interior furnishings, clothing, and financial services portals led to a two-digit growth of the entire holding's income,” said CEO Jacek Świderski.