BZ WBK expects annual group profits of zl.1 billion

The gross profit in this period stood at zl.239.1 million, which was a increase of over 50%. "The result is promising. We expect that the gross result for this year for the whole group will amount to zl.1 billion," said BZ WBK president, Jacek Ksen. The company's current liquidity ratio stands at 16%. However, the target level is at 12%. "Therefore until this ratio stands at 12% or more we will recommend paying out almost all of the profits generated to the shareholders as dividends," added Ksen. This announcement had a positive feedback on the bourse, where WBK's shares gained in value 2.6% to reach a level of zl.177.50. (Puls Biznesu, p. 13; Parkiet, p. 1) A.K.