WARSAW -(Dow Jones)- Telekomunikacja Polska, Poland's largest telecommunications operator, Wednesday said its second-quarter net profit rose 25.5% on the year, due to lower costs and a strong performance in its mobile telephony operations.
The company also reiterated its guidance for a decline in group revenues of 1.0% to 1.5% for the full year.
Group net profit at the company, which is 47.5% owned by France Telecom, rose to 571 million zlotys ($1=PLN3.1160) in the second quarter from PLN455 million a year ago.
The figure beat analysts' forecasts for second-quarter net profit of PLN560 million.
Second-quarter sales rose 0.9% to PLN4.64 billion, also ahead of the PLN4.61 billion average analyst forecast.
TPSA earnings were driven by the rapid growth of its mobile arm Centertel and its data-transmission business, which outpaced erosion at its core fixed-line business. In addtion, costs fell 76% to PLN81 million in the second quarter.
Fixed-line revenues fell 11% to PLN2.21 billion, while mobile revenues jumped 18% to PLN1.69 billion.
Centertel had 11.13 million subscribers at the end of June, up 30% on the year and almost meeting the company's full-year target of 11.5 million customers.
Revenue in the data-transmission business rose 5.3% in the second quarter to PLN557 million and broadband revenues surged 18% to PLN292 million.
Company Web site: http://www.tp-ir.pl
-By Malgorzata Halaba; Dow Jones Newswires; +4822 622-2767; malgorzata.halaba@dowjones.com
(END) Dow Jones Newswires"
Posted to the site on 26th July 2006
Posted to: www.cellular-news.com/story/18496.php