Netia: PLN 1.5bn of sales revenues in 2009

2010-03-10

Netia, the alternative fixed-line operator, showed PLN 1.5bn (€379m) of sales revenues in 2009, reflecting a 34% growth year on year. The company’s net profit totalled to PLN 88.7m (€22.4m). Such a high result is the effect of one-off events – ending a dispute with TP SA and recognition of a deferred tax asset.
In 2010, Netia plans to invest PLN 220m (€55.6m), mainly in development of its Internet services. It expects to increase its Internet subscribers' base from 582,000 at the beginning of 2010 to 689,000 at the end of the year.
The company’s financial forecast envisages making PLN 1.55bn (€391m) of sales revenues and PLN 60m (€15.2m) of operating profit in 2010. In 2009, the operator went through a restructuring program it named Profit, reducing the number of its workforce from 1,677 to 1,414 people.

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