Cyfrowy Polsat Q1 net profit slumps on absence of one-offs, Asseco valuation drop

Asseco Poland SA

21/05/2025 16:21

GDANSK, May 21 (Reuters) - Polish telecom and media firm Cyfrowy Polsat CPS.WA reported on Wednesday a 53% slump in its first-quarter net profit, due to the absence of last year's one-off gains and a decline in the value of its stake in software firm Asseco Poland ACPP.WA.

Net profit came in at 82.6 million zlotys ($22 million), slightly below analysts' expectations of 84 million zlotys, according to a Reuters poll.

($1 = 3.7375 zlotys)

 (Reporting by Rafal W. Nowak and Marta Maciag; Editing by Emelia Sithole-Matarise)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))