Betacom Q4 results not enough to dampen an otherwise good year

Betacom reported zł.32 million of revenues in Q4, 22 percent less than the 2004 figure y-o-y. Net profits decreased by 40%, reaching only zł.2.1 million. Investors on the WSE reacted instantly by selling the company's shares, but their value decreased by only 0.7 percent to zł.27.8. Betacom's situation is far from a tragedy though, especially if looked at in the long-term. The last three quarters of the company's financial year brought zł.88 million of sales revenues (up 6%), zł.3.2 million of operational profits (up 133%), and zł.2.5 million in net profits (up 91%). The company's officials say that the last quarter of the financial year will be very good: "I expect our revenues to surpass last year's figure by 50 percent," Mirosław Załęski, Betacom CEO said. "We will have zł.120 million of revenues and I expect the financial year to be record-high in terms of both revenues and net profits." (Parkiet, pp. 5) K.J.