Bloomberg News

Cyfrowy Polsat Gains for Second Day After Profit Beats Estimates

March 12, 2012

Cyfrowy Polsat SA (CPS), Poland’s biggest television group, rose for a second day after fourth-quarter profit beat analysts’ estimates.

The stock rose as much as 2.5 percent, the most since March 2, and traded 1.7 percent higher at 13.88 zloty as of 9:34 a.m. in Warsaw.

Net income more than doubled to 76.3 million zloty ($24.4 million), from 36.9 million zloty a year earlier, the company said in a statement today. That exceeded the 57.9 million-zloty mean estimate of nine analysts surveyed by Bloomberg.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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