Agora media group makes up for losses

opublikowano: 2007-05-16 16:48

Warsaw (Puls Biznesu) – Agora managed to generate high income despite strong rival – a daily owned by Axel Springer. It did not lose its market share and makes up for losses sooner than expected.

Agora, the publisher of Gazeta Wyborcza daily increased sales by 3 percent to PLN 303m (EUR 79.9m) in the first quarter. It’s net income grew to PLN 14m against PLN 0.8 a year earlier. Axel Springer has recently introduced its daily and Gazeta Wyborcza lost part of its market share.

“We feel more confident now. But I warned the market that we cannot reach 2005 results in one year”, Wandar Rapaczynska, Agora CEO said.

(PLN 1 = EUR 0.264)