Budimex group is still struggling to post a profit for 2004

In the first three quarters, sales were lower by 12.5% than during the first nine months of 2003 and brought revenues of zł.1.44 billion. At present, in spite of the good results in Q3 the company posted an over zł.12 million consolidated operating loss. The group, however, is still optimistic about its annual 2004 results and projects that the sales will approximate those from the previous year, which were zł.2.15 billion. Budimex has just signed a zł.99 million contract with the Russian Health Ministry to renovate a clinic in Moscow by September 2007 (Parkiet, p. 5) A.F.