CEE
Kino Polska TV S.A. Capital Group continues revenue growth
Kino Polska TV S.A. Capital Group released its first-half 2015 results – the best in the Group’s history.
In first half of 2015 the Group’s revenue from sales exceeded 56.6 mln PLN resulting in 18% increase versus same period in 2014. Net profit from continued operations increased by 47% comparing to the same period last year reaching 9.6 mln PLN. After the first six months of 2015 the Group’s operating result deriving from its continued activity exceeded 11.3 mln PLN, nearly 50% more than in the first half of 2014. This result was achieved not only through the higher revenue but also due to the profit reported in the second quarter of 2015 by Kino Polska TV S.A.’s subsidiary Stopklatka S.A. in which Kino Polska TV S.A. is one of the two largest stakeholders. The increase in sales revenue is primarily due to the higher revenue from the licensing sales (approx. 42% increase) as well as the dynamic development of the movie channels from the FilmBox brand family and the thematic channels (approx. 15% revenue increase from broadcasting and nearly 59% higher revenue from advertising sales, comparing to the same period last year). The Group’s EBITDA for the first half of 2015 reached more than 18.8 mln PLN (up 10% year-on-year). RELATED
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