Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Polish Orange unit seen shifting to fourth-quarter loss on one-off hit - Reuters poll

Published 08/02/2016, 10:22
Updated 08/02/2016, 10:30
© Reuters.  Polish Orange unit seen shifting to fourth-quarter loss on one-off hit - Reuters poll
ORAN
-
OPL
-

WARSAW (Reuters) - Orange Polska (WA:OPL), Poland's largest telecoms operator, is seen shifting to a net loss of 141 million zlotys ($36 million) in the fourth quarter, hit by high seasonal costs and one-off restructuring provisions, a Reuters poll showed on Monday.

The unit of France's Orange (PA:ORAN) is also expected to report a 6-percent dip in revenues to 2.913 billion zlotys, according to an average forecasts by six banks and brokerages.

This would mean that Orange Polska's net profit for the whole 2015 amounted to 266 million zlotys.

The market will await a strategic update from the Polish group, especially in the face of its 3.2 billion-zloty payment for new mobile broadband frequencies and the just-flagged chief executive replacement.

The following table summarises market forecasts for Orange Polska.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.