Bloomberg News

Poland’s TVN Gains First Time in 4 Days as Profit Tops Estimates

May 11, 2012

TVN SA (TVN), Poland’s biggest television network, climbed for the first time in four days after reporting better-than-expected profit in the first quarter.

The shares rose as much as 1.1 percent to 9 zloty and traded 1 percent higher at 8.99 zloty at 9:05 a.m. in Warsaw. TVN, the third-worst performer in the WIG20 Index this year, has lost 12 percent so far.

The television network posted net income of 184.9 million zloty ($56.5 million) in the first quarter, compared with a loss of 40.5 million zloty a year earlier. The mean estimate of five analysts surveyed by Bloomberg was 123.3 million zloty.

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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