CF Cefarm manages to increase sales and make investments at the same time

The company managed to close 2005 with results twice as high as anticipated. Net profit amounted to zł.3 million, as compared to a net loss of zł.1.2 million a year earlier. "Turnover grew by almost 6%. Revenues exceeded zł.500 million. Increased sales are a result of internal restructuring, investments and seeking new sources of revenues. We have implemented a sales management system, employed sales representatives and put more effort into marketing," said CF Cefarm's president, Jerzy Barański. The drug distributor has spent zł.5 million on new investments, which included restructuring an old warehouse which now complies to all regulations and can store newly tested drugs which are distributed to research centers. "The additional activity accounts for a few percent of our revenues, but is more beneficial than selling the warehouses," added Barański. (Puls Biznesu, p. 6) A.K.