Anica to finance growth from own funds

The company has modified its plans and is going to finance its development from its current earnings. The new share issue was supposed to raise zl.11 million and enable Pekao Capital Fund and Lubelski Capital Fund to withdraw from the investment. However, as 2006 has been a bad year for the IT industry, there was little interest among investors and consequently the company resigned from the shares issue. Anica is not in a hurry to sell its shares as its profits are continually rising.The company met its 2005 financial projections. The concern posted a zl.2.7 million profit on revenues of zl.30 million. This year will probably be even better. Despite the lack of capital from the aborted share sale, Anica is implementing its investment plans. (Puls Biznesu p. 14) M.M.