September 24, 2013 08.17 Europe/London By Chris Dziadul
The Polish public broadcaster TVP has posted a pre-tax profit of PLN82,000 (€19,385) for the first eight months of the year.
This is significantly higher than the target figure of PLN12,500 and is in sharp contrast to the same period last year, when it posted a loss of PLN140.2 million.
TVP had revenues of PLN16.5 million from receiver licence fees in August, which was comparable to the amount a year earlier.
Its receiver licence fee revenues for the first eight months of the year were meanwhile 22.3%, or PLN42.7 million, higher than in the same period in 2012.
On the other hand, ad revenues were down by 12.6% year-on-year, due in large part to the continuing recession in the ad market.
Revenues from other sources between January-August were meanwhile PLN12.3 million higher than in the same period last year.
Operating expenses were reduced by PLN67 million, or PLN16.4 million less than planned, due to restructuring and cuts in expenditure on programming.