Betacom beats financial predictions and eyes takeover

Projections for the year envisaged revenues of zł.82 million. According to the company's president Mirosław Zalewski, Betacom is on its way to post the projected profit of zł.3.4 million. Betacom is a medium-sized IT business that provides services in the fields of e-learning - training via the internet - and sells computer hardware. The firm is currently in the process of regaining investors' trust after it had to introduce corrections to its issue prospectus soon after its IPO in spring 2004. Its standing, which then fell from the initial zł.28 to zł.10 is now at the level of over zł.15. The rise in bourse standing is probably also due to the company's positive results. Rising sales have followed from investing the money raised from the IPO in product development and marketing. Betacom is currently in negotiations to take over a small IT company whose turnover amounts to zł.10 million a year. (Parkiet, p. 3) D.W.