Bloomberg News

Cyfrowy Polsat Jumps Most in Three Months as Net Beats Estimates

May 15, 2012

Cyfrowy Polsat SA (CPS), Poland’s biggest television network, surged the most in more than three months after reporting higher-than-predicted profit in the first quarter.

The shares advanced 4.1 percent to 13.8 zloty, the most since Feb. 1, and traded at 13.54 zloty as of 9:04 a.m. in Warsaw.

Net income almost tripled to 205.1 million zloty ($61 million) from 76.4 million zloty a year earlier, beating the 160.3 million-zloty mean estimate of three 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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