Mixed fortunes for Cyfrowy Polsat
By Chris Dziadul
November 10, 2009 07.47 UK
The Polish DTH platform Cyfrowy Polsat ended Q3 with 2,916,750 subscribers, or 21.4% more than 12 months earlier.
Its net profit fell by 28.6% year-on-year to PLN60.16 million (€14.27 million), while EBITDA fell from PLN109.2 million to PLN82.5 million over the same period.
The results were broadly in line with expectations and affected by both higher marketing costs and the fall in the zloty in relation to both the euro and dollar.
Cyfrowy Polsat is the undisputed market leader in terms of subscribers in a sector also served by Cyfra+, n, TNK, Orange and TVP’s recently launched platform.
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