Polsat reports profit boost

Poland’s leading pay TV operator Cyfrowy Polsat recorded an increase in profit during the second quarter of the year, while an increasingly saturated pay market meant subscriber numbers remained flat.

The operator, which recently acquired broadcaster Polsat, saw a 43% increase in net profit during the quarter to PLN 99.5 million (€24 million). Revnenues increased to PLN714 million from PLN628 million a year earlier. Polsat said it has paid back PLN200 million out of its total debt value of PLN1.4 billion.

The operator ended June with 3,553,473 pay digital TV subscribers, 99,069 users of broadband internet service and 141,161 mobile telephony customers.