July 26, 2017 / 7:12 PM / 2 years ago

Orange Polska's second-quarter profit beats forecasts

WARSAW (Reuters) - Poland’s largest telecoms operator Orange Polska (OPL.WA), a unit of France’s Orange (ORAN.PA), reported a second quarter net profit of 71 million zlotys ($19.6 million) on Wednesday mainly on lower depreciation.

That was much higher than the 43 million euros forecast by analysts in a Reuters poll, and marked a surge from a net profit of 17 million zlotys in the same period last year.

Revenue, however, slipped to 2.84 billion zlotys, from 2.90 billion in the corresponding period last year. Analysts polled by Reuters expected revenue of 2.82 billion zlotys.

Reporting by Pawel Florkiewicz and Lidia Kelly; Writing by Lidia Kelly and Marcin Goettig; Editing by Susan Fenton

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