Better access to car parts market drives on JC Auto profits

The acquisition, which cost zł.8.9 million, secured the publicly-listed JC Auto access to owners of these vehicles. "We considerably increased our sales capacity, which in the future will result in a large revenue dynamics in this sector," said JC Auto president Jerzy Grabowiecki. According to Grabowiecki, the situation on the market is so good that the company's management board is considering a possible change in the firm's 2005 prognosis, which means that the company's net profit could be even higher than the projected zł.14.6 million, which in itself is 32.7% more than in 2004. After the first six months of this year JC Auto group recorded the net profit of zł.9.5 million on revenues of zł.84.2 million. The firm's financial results and its current strategy have been approved by investors. Since June the company's standing on the bourse has grown by over 25%. (Parkiet, p. 5) A.F.