Profits double at Cyfrowy Polsat
November 21, 2024 13.49 Europe/London By Julian Clover


Cyfrowy Polsat has shrugged off its internal family disputes to more than double third quarter profits.

The Polish Media company reported net profits of 213 million zlotys (€49 million).

Cyfrowy Polsat, which has expanded into green energy in 2023 is now expanding its interest in clean energy and has plans to invest around 5 billion zlotys in expanding its clean energy production.

Polsat’s pay-TV base continued to fall with a decrease of 169,000 year-on-year to 4,694,000.

In October, a dispute between founder Zygmunt Solorz, his new wife, and his children resulted in his children being removed from the board.