All bling for W. Kruk
Grupa W. Kruk, a producer of jewelry and manager of the Deni Cler apparel brand, forecasts that in 2006 its revenues will increase to zł.128.7 million, up from last year's zł.121 million, and that the group's net profit will reach some zł.7.5 million.
"We are going to pay zł.1 per share of dividends from profit and we would like the dividend payment to become a constant element of our corporate policy," said Jan Rosochowicz, CEO of Grupa W. Kruk.
"The year 2005 was very good for the group - we managed to increase the margins for Deni Cler, the sales dynamics for silver grew considerably and EXPO fairs in Japan were a big marketing and financial success as they brought zł.4 million in revenues," Rosochowicz added.
In 2006, the company is planning to open seven new W. Kruk jewelry stores and two Deni Cler clothes shops, the majority of them located in new shopping centers. Deni Cler apparel will also be sold in Moscow soon, not through its own outlets but in cooperation with a local partner.
Grupa W. Kruk's CEO said the company isn't worried about the rising price of gold, and explained that the company has already made relevant adjustments in its plans.
