Multimedia’s subscriber base and revenues grow, profits dip

Polish cableco Multimedia Polska has booked revenues of PLN162.95 million (USD47.9 million) for the first quarter of 2012, up 9.6% year-on-year from PLN148.66 million. Rising operating expenses offset the revenue growth, however, with net profits for the three months ended 31 March 2012 down to PLN18.71 million from PLN20.4 million in the corresponding period of 2011, whilst operating expenses rose by 12.7% to PLN127.04 million compared to PLN112.77 million a year earlier

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OVETEL Multimedia’s subscriber base and revenues grow, profits dip