Strong Q3 for Kino Polska TV

WARSAW: SPI International's Kino Polska TV has posted a 66-percent increase in net profit in the third quarter.

For the period, the company said revenues were up by 19 percent to PLN 85.4 million ($21.4 million), driven by improved licensing revenues and gains in its FilmBox-branded channels. EBITDA rose by 8 percent to PLN 28.6 million ($7.2 million) and net profit was PLN 14.3 million ($3.6 million).

For the first nine months of the year, operating income topped PLN 16.6 million ($4.2 million) thanks to higher revenues as well as reduced content acquisition costs.