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General

Orange Poland drops dividend after impairment hits Q4 result

Tuesday 14 February 2017 | 15:29 CET | News
Orange Poland will not pay a dividend for 2016, saying it wants to conserve cash for investments in fibre and LTE. The announcement came alongside annual results showing a loss of PLN 1.746 billion, versus a profit of PLN 254 million in 2015. It was heavily affected by a PLN 1.793 billion non-cash asset impairment based on expected lower future cash flows coupled with an increase in the discount rate to reflect higher business risk. Annual results were also impacted by lower EBITDA and higher net financial costs, mainly as a result of higher debt.

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Categories: General
Companies: Orange Poland
Countries: Poland
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