Kino Polska TV reports solidly growing profits for 2018 | Major Businesses | Business
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Majority SPI-owned Kino Polska TV SA Capital Group has posted strong results for the 2018 financial year with marked growth in revenues and profits.
FilmBox 30Jan2019
For the year ended 31 December 2018, the Group reported revenues of 149.2 million PLN, a 21% year over year increase, attributing the increase to the incorporation of Stopklatka SA and performance of the FilmBox channels and Zoom TV. The revenue increase saw the KPTV Group ending 2018 with an overall operating profit of 41.6 million PLN, almost double that reported a year ago.

Excluding the share appraisal effect for Stopklatka SA — which Kino Polska TV SA took over on 14 June 2018 and now owns 97.76% of shares — operating profit from primary activity was 23.6 million PLN, up 13% year-on-year, while net income was 18.1 million, a yearly rise of 13%.

The Group also announced that announced that the FilmBox movie channels and thematic channels achieved 12% growth in revenues from operations in Poland as well as across several other markets including Hungary, Slovakia, the Czech Republic, Bulgaria, former Yugoslav countries and the Middle East. Zoom TV contributed significantly to the improved result with 12.2 million PLN in revenues with an increase of 88% over 2017, a value increase of 5.7 million PLN.

“We will continue working on development across foreign markets and on strengthening of the Group's position in Poland through the growing customer base in the Premium segment (FilmBox brand),” said Kino Polska TV chairman Boguslaw Kisielewski. “Our goal remains to become the fifth largest media group in Poland in terms of audience share. We are seeking to reach an audience share at the 3% level within the commercial group.”