Abattoir advancement

Last year PKM Duda surpassed zł.1 billion in revenue, netting a total zł.1.04 billion and growing 20 percent year-on-year. The company also made zł.50.4 million in consolidated profit, an increase of 86 percent in comparison to 2005.

"We expect both revenue and profit growth this year due to the acquisition of Stół Polski, growing margins and increasing slaughtering capacity," said Maciej Duda, the firm's president.

"We would like the profits to grow faster than the revenues," he added. Due to planned investments, the management board will recommend keeping all the profits in the company and not paying out a dividend.

Duda finalized the takeover of Stół Polski last Friday and hopes that the new company in its portfolio will strengthen its distribution network in Warsaw. Furthermore, the president disclosed that his company is planning one or two further acquisitions on the distribution market. He stressed that everything depends on price and didn't rule out the company building its own distribution center. The firm currently has 12 distribution centers and the long-term goal is double the number.

PKM Duda hopes to strengthen its position on the Ukrainian market after the meat ban was lifted in the middle of February. "This will improve the group's result this year," Duda's vice president, Roman Miler, said. During this month or next, Duda is expected to take over a production plant in Ukraine and talks are being held on further acquisitions.