Kino Polska TV S.A. Capital Group reports first quarter total income growth

Kino Polska TV S.A. Capital Group released its first quarter 2016 results. The total income exceeded PLN 5 mln, which is a 10% increase compared to the first three months of 2015.

The Group’s first quarter 2016 revenues from sales reached PLN 27.1 mln, 5% more than in the same period of 2015. This shift was predominantly driven by a 14% increase in the FilmBox channels’ sales results and nearly 13% higher revenue from advertising sales generated by the Kino Polska brand channels. Group’s EBIDTA margin for the period of January to March 2016 reached PLN 11.5 mln (3% increase year-on-year). For the three months of 2016, Kino Polska TV S.A. Capital Group reported net profit of PLN 5.3 mln.
 
In the first quarter of 2016 the Group increased expenditures on the acquisition of engaging content which has already resulted in higher viewing ratings. Furthermore, The National Broadcasting Council in Poland confirmed its earlier decision on granting a license to broadcast the Zoom TV channel within the MUX 8 digital terrestrial television multiplex. This validates an investment agreement signed by Kino Polska TV S.A. and the PIKSEL Foundation established by PIKE, the Polish Chamber for Electronic Communication. Zoom TV will be the second digital terrestrial television channel developed by the Kino Polska TV S.A. Capital Group.