ComArch expects better Q results through increased demand

Computer services firm ComArch expects to post gains in sales and earnings for the first quarter, thanks to stronger demand for its services compared with a year ago, the company's chief executive Janusz Filipiak told reporters. He gave no explanation, however, as to why demand is picking up. In the first quarter of last year, ComArch earned zl. 0.2 million on sales of zl. 29.3 million. ComArch is due to report its first-quarter results in May. "As for full-year [2003] figures, that will be a good result. We will show a net profit, higher operating profits and growing sales," Filipiak said. In 2003, the systems integrator expects to maintain its operating margin at last year's level of 5.6%, while revenues should rise by 20% from zl. 1 9 million. Last year its net earnings were zl. 5.3 million. (www.onet.pl; Reuters) A.Z.