A successful Q4 will turn around what has been a bad year for Emax

The financial prognosis envisages revenues of zł.390 million, an operational profit of zł.29 million, and a net profit of about zł.19 million. Even though the company's financial situation during the first three quarters of the year was rather unfavorable due to delays in signing new contracts and high investments expenses, Emax's president, Piotr Kardach, believes that Q4 will be good enough to compensate for the loss so far this year. "Still a month ago we were not certain if we would manage to account for a number of contracts worth a total of zł.40 million. Now we know that the sum will positively influence our result for the fourth quarter," said Kardach. Over the past few weeks the company also won many new commissions, including some financed from EU means. As a result only in Q4 its sales rate should amount to about zł.190 million. "The eventual result will differ in 10% at most," added Kardach. (Parkiet, p. 3) A.F.