Poland's Cyfrowy Polsat leaps after Q2 results beat expectations

Cyfrowy Polsat SA

22/08/2024 10:01

** Shares of Polish telecoms and media group group Cyfrowy
Polsat  CPS.WA  jump 8.2% after it reported Q2 results that beat
market expectations on Wednesday evening
    ** Its Q2 net result turned to a profit of 146 million
zlotys ($38 million), vs loss of 7.3 million last year and
analysts' estimate for a profit of 129 million in a Reuters poll
    ** "We take a positive view of the results for Q2 2024,"
says BDM analyst Maciej Bobrowski
    ** Bobrowski adds the company's operating figures indicate a
consolidation of positive momentum for the remainder of the year
    ** As of 0900 GMT, the shares of the company were the top
performers on Poland's blue-chip WIG20 index  .WIG20  

($1 = 3.8436 zlotys)

 (Reporting by Rafal Wojciech Nowak)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))