Agora posts disappointing 2003 results

As a whole, 2003 brought revenues of zł.853.5 million, an increase of 8.7% over the previous year. Consolidated net profits stood at operating profit, the fall of which was influenced by an attempt to maintain the market position of Gazeta Wyborcza after the debut of Fakt," commented Radosław Solan of BDM PKO BP. The company's greatest challenge this year is to maintain zł.2.1 million, down from zł.51 million in 2002. "The results are in line with expectations. The weakest issue is the its position on the advertising market, which according to company representatives, will see a 4% rise in expenditures. (Puls Biznesu, p. 10) A.K.