World VoIP NewsTP sees double digit profit and revenue declines in 1QTP sees double digit profit and revenue declines in 1Q

TP sees double digit profit and revenue declines in 1Q


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TPSA has reported that first quarter net profit fell 13% to PLN285 million (USD99 million), while sales slipped 10% to PLN3.873 billion, both in line with market expectations.
Fixed line sales fell by 10.5% to PLN2.311 billion, while wireless sales dipped 9.1% to PLN1.816 billion. TPSA said in the mid-term the deterioration in sales would slow below last year's pace of 8.8% before stabilising in 2011.

‘We have to wait for a decisive change in our earnings until the second half of the year, but the first quarter stands as a good beginning to a breakthrough year of 2010,’ said chief executive Maciej Witucki.


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