WP profit up. Hopes to match e-commerce revenue with ad sales

WSE-listed media group and operator of the wp.pl portal, Wirtualna Polska had PLN 53.76 million consolidated net profit in 2016 up from PLN 4.33 million in 2015, the company said in a market filing. Revenues were at PLN 415 million, up from PLN 325 million the year before. EBIDTA was at PLN 132.16 million vs. PLN 107.83 million the year before. The company wants to focus on expanding its mobile, video and e-commerce segments and hopes the latter will catch up with ad sales when it comes to revenue. Wirtualna Polska holding, beside being the owner of Poland's several big web portals, operates the WP TV channel available through digital terrestrial TV.