Brok-Strzelec posts Q2 profit, but still needs financial support

In the second quarter of 2003, brewer Brok-Strzelec (BS) made a net profit of zł. 1.7 million as compared to a loss of over zł. 500,000 in the same period last year. At the same time, BS's operational profit increased by 65%. "The result could be better if we increased production and sales. Our zł. 15 million bond issue will allow us to increase our turnover," said company president Adam Brodowski. BS has taken over the property of Brok Koszalin. Thanks to this, it was able to increase its production capacity. Brodowski added that his brewery is likely to post even a 50% profit increase in the second half of 2003 if it is provided with continuous financing. "If we achieved this, the profit of the group could exceed zł. 3 million this year despite high financial costs," he said. At the end of June, BS had almost zł. 101 million in short-term liabilities. (Parkiet, p. 5) A.Z.