Aluminium Konin-Impexmetal predicts buoyant 2003 sales

Aluminium Konin-Impexmetal (AK) chairman Marek Kacprowicz yesterday said the company expects its sales to increase by 11% in 2003 and would like to close this year with a zł. 20 million net profit. The company closed 2002 with net profit of zł. 4 million and its net profit in the first quarter of 2003 reached zł. 517,000. This means that AK managed to fulfill its sales plan for the first three months of this year. In comparison, AK closed Q1 2002 zł. 4 million in the red. Last year the firm produced and sold 65,000 tonnes of rolled steel products yielding zł. 585 million in revenues and this year would like to increase sales to around zł. 647 million. Some 60% of the company's output so far in 2003 was sold abroad. (www.onet.pl) J.K.