No profits for TV4 again after paying overdue tax

Polskie Media, owner of television broadcasterstacja TV4, is still in the redto be in the red: być zadłużonym after suffering a zł.2 million net loss in the first half of the year.

Last year the firm was zł.3 million in the red. "We could have posted a net profit. However zł.1.5 million of the operating profit was eaten by overduezaległy taxes," explained deputyzastępca FCO of PM Mariusz Walkiewicz. He added that the currentbieżący loss is the result of growing expenditureswydatki in broadcastingtransmisja, which are not being offset by growing commercial sales. "Due to our low budgets it is difficult to compete with large companies for viewers and thus firms willing to buy ads," added Walkiewicz. Moreover, the company still owesto owe: być dłużnym zł.12 million to more than 240 companies from a settlement procedure that dates back to 1999. The company did not regainodzyskiwać profitabilityopłacalność despite receiving zł.25 million cash injectionzastrzyk (tu: finansowy) from the owner.

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