Cyfrowy Polsat profits slip

By Chris Dziadul

The leading Polish DTH platform Cyfrowy Polsat ended Q2 with 2,844,106 subscribers, or 24.3% more than 12 months earlier.

However, its net profit was 29% lower at PLN56.06 million (13.5 million), while the operational profit fell 30% year-on-year to PLN68.07 million.

The falls have been put down to a weakening local currency and growing competition in the Polish marketplace.