Profits at Poland’s TP Group showed a rise that was beyond expectations in the first quarter, rising by 31.5 percent year-on-year to PLN 681 million, helped by a 2 percent increase in sales to PLN 4.53 billion.
The group’s mobile segment reported a 12.6 percent increase in turnover to PLN 2.09 billion, helped by a 9.6 percent increase in subscriber base to 14.01 million, while its fixed line operations saw sales slip by 3.7 percent to PLN 2.64 billion as a result of an increasingly competitive environment. CAPEX in the first quarter was PLN 642 million, or 14.2 percent of revenues, up from 9.8 percent in the same period of 2007.