Brok-Strzelec brewery plans 5%-6% profitability

Beer producer Browary Polskie Brok-Strzelec has announced plans to achieve profitability of 5%-6% within the coming three years. The company also presented last year's financial results, which were better than expected. Brok-Strzelec has recorded zł. 3.2 million in consolidated net profits, with revenues of zł. 175 million, as compared with zł. 81 million in 2001. The company pursued a new strategy from the beginning of this year, which so far seems to have proved successful. The revenues recorded in the first months of 2003, a period recognized as poor for beer sales, are 62% better than the previous year. The new strategy also envisages coming to an agreement with banks concerning the exchange of short-term liabilities into long-term. The company has also decided on a bond issue some time in the future. (Rzeczpospolita, p. B4) A.K. Media News: Pilot Media; Energis Polska; Grüner&Jahr Polska, Glamour Pilot Telewizyjny (Remote Control), a weekly TV guide published by Pilot Media has been suspended after only seven issues. It sold 100,000 copies of a print run of 700,000. It was the first guide to present TV broadcasts according to their timing and not according to channels. The representatives of Pilot Media announced that the weekly would be re-launched in May after a series of cosmetic changes. (Rzeczpospolita, p. B3) ... Energis Polska intends to expand its share in the dial-up Internet services market to 15% by the end of this year, and to 18%-20% in 2004. At present the company's share is estimated at 8%-10%. (Rzeczpospolita, p. B3) ... Today is scheduled for the first issue of the new monthly Glamour, published by Grüner&Jahr Polska, and targeted at young successful women. A huge advertising campaign and the lowest price in its sector are planned in a bid to win readers for the magazine. (Rzeczpospolita,p. B4) K.Ż. In Brief: ZEŁ; Elektrobudowa; Foreign investment; Polfa Pabianice Yesterday the Treasury Ministry finally opened talks over the privatization of Łódź Power Plants (ZEŁ). May 6 was set as the deadline for preliminary offer s. The Ministry plans to sell at least 10% of ZEŁ. (Puls Biznesu, p. 9) ... Katowice-based Elektrobudowa is to open a company in Russia, where medium-voltage switchgears will be manufactured and sold as part of its export expansion strategy. The company's initial capital amounts to zł. 1.3 million. (Parkiet, p. 4) ... In the years 2003-2006 Poland may receive euro 540 million from foreign finances destined for investments concerned with renewable energy sources, according to the European Centre for Renewable Energy. (Parkiet, p. 5) ... Polfa Pabianice, one of a handful of state-owned manufacturers of pharmaceuticals, recorded a zł. 10.1 million net profit in 2002. The result is worse than the previous year, when the company's net profit amounted to zł. 18.9 million. (Rzeczpospolita, p.B3) K.Ż