Digital lift for Multimedia Polska
September 5, 2012 10.22 Europe/London By Chris Dziadul
The Polish cable operator Multimedia Polska saw particularly strong growth in its digital TV business in the first half of the year.
While its revenues of PLN46.6 million (€11.1 million) were 75% higher than a year earlier, the number of subscribers (digital cable and IPTV) as of the end of June was, at 243,000, 44% up year-on-year.
First half revenues from digital TV services meanwhile accounted for 30% of the company’s TV business as a whole. As of the end of June, Multimedia Polska had a total of 953,000 RGUs, of which 230,000 (+45% year-on-year) were for digital cable and IPTV services.
Multimedia Polska also saw its internet revenues grow by 14% year-on-year to PLN94.8 million, with the number of RGUs growing by 20% to 454,000.
However, telephony revenues were down slightly in H1, to PLN63.3 million compared to PLN65.2 million a year earlier, with the number of RGUs amounting to 277,000 (+2% year-on-year).
Multimedia Polska’s total revenues from sales in H1 were PLN332.5 million (+10%) and EDITDA PLN169.9 million (+8%). Its net profit nevertheless fell to PLN29.6 million (-16%).