Last year, the TVN Group generated a net profit of PLN 551 million

Last year, the TVN Group generated a net profit of PLN 551 million
Last year, the TVN Group generated a net profit of PLN 551 million
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As reported by the portal wirtualnemedia.pl, “last year. TVN group despite an increase in operating costs by 29 percent. achieved PLN 551 million of net profit. The advertising revenues of the broadcaster increased by 10.7%, and the number of full-time employees – by almost 600 to 2.2 thousand. The company paid PLN 1.3 billion in dividends.

The analysis of the industry portal shows that “the TVN group’s revenues from broadcasting advertisements increased from PLN 1.29 to 1.42 billion, and from sponsorship – from PLN 172 to 203.1 million”.

TVN group revenues from subscriptions increased from PLN 286 to 358.4 million. These amounts include both payments from TV and Internet operators offering broadcasting stations, as well as from subscribers of Player and TVN24 GO platforms.

– we read on the portal wirtualnemedia.pl.

On the other hand, the revenues determined as other decreased – from PLN 118.8 to 109.6 million. Other revenues include production and technical services, rental, sale of programming rights, cinema distribution, audioteles and SMS messages.

Revenues from entities related by capital with the broadcaster decreased from PLN 150.31 to 133.16 million. Revenues from the Discovery Group decreased from PLN 76.19 to 63.6 million, from Canal + Polska (TVN Media owns 32% of shares of this company) – from PLN 42.62 to 38.06 million, and those from companies related to Discovery slightly increased – from PLN 30.68 to PLN 30.74 million.

– transferred to the portal wirtualnemedia.pl.

Almost PLN 90 million more for marketing and research

The operating expenses of the TVN group clearly increased. They went up by as much as 29.3 percent. and amounted to PLN 1.76 billion.

In terms of amounts, the highest increase was the cost of depreciation and impairment of capitalized costs of in-house production, co-production and cinema production (from PLN 499.9 to PLN 639.4 million), employee expenses (from PLN 221.7 to PLN 307.8 million) and for marketing and research (from PLN 99.8 to 189.5 million)

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– we read on the portal wirtualnemedia.pl.

The number of full-time employees also increased significantly – at the end of last year there were 2,267, compared to 1,639 a year earlier.

Wirtualne Media also announced the dividend that the TVN group had to pay.

Directly 100 percent of shares (in – ed.) TVN is owned by the Dutch company Polish Television Holding, which in the middle of this year. Another Dutch entity, Discovery Communications Benelux, took over. Last Tuesday, at the general meeting, it decided that it would receive PLN 1.3 billion in dividends from the broadcaster: PLN 308.3 million in unit net profit from last year. and PLN 991.7 million from reserve capital. The dividend was paid out on Wednesday. As a consequence, the reserve capital of the TVN group, which at the end of last year amounted to PLN 2.13 billion, it will decrease by almost a half. On the other hand, the share capital is invariably PLN 1.61 billion.

– underlined.

mm / wirtualnemedia.pl


The article is in Polish

Tags: year TVN Group generated net profit PLN million

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