CDM Pekao profits from a buoyant stock market

Jakub Papierski, the president of Centralny Dom Maklerski (CDM) Pekao, has announced that the brokerage house will have a record net profit of zł.30 million for the first half of the year, which is twice as much as in the same period of 2003. The company optimistically expects to post a zł.50 million profit for the year as a whole. "The good situation on the stock exchange has considerably increased investors' activity," explained Papierski. CDM Pekao has already finalized emissions for three companies, worth about zł.640 million. The brokerage house is also acting as an intermediary in the sales of units in investment funds. "The stable economy and the end of political turmoil will result in increased interest of the investors in the funds," believes Papierski. (Puls Biznesu, p. 10) A.F.