Poland Polkomtel 1st Half Net Profit PLN506.8 Million Vs PLN527.1 Million

Mobile operator Polkomtel SA (PKT.YY) said Wednesday its first-half net profit fell by 3.8% on the year to 506.8 million ($1=PLN3.0380) zloty, due to higher costs of sales and falling rates.
At the end of June, Polkomtel had 10.4 million users from 7.9 million a year earlier.
The larger customer base helped Polkomtel to increase its revenue to PLN3.54 billion from PLN3.06 billion; it also contributed to a 20% rise in costs of sales to PLN2.87 billion from PLN2.40 billion.
Average rate per user, or APRU, fell by 13.6% on the year to PLN55.2, Polkomtel said.
Polkomtel didn't provide second-quarter financial data. According to a consolidated second-quarter report filed August 11 by one of its shareholders, KGHM Polska Miedz SA (KGH.WA), Polkomtel reached a net profit of PLN265.7 million and generated PLN1.83 billion in revenues.
The earnings before interest, taxes, depreciation and amortization, or EBITDA, were at PLN602.5 million.
Source: By Malgorzata Halaba, Dow Jones Newswires, easybourse.com