Comarch pays for past dizzy growth, but investments should ensure new stability
Krakow-based information systems provider Comarch met its profit forecast
of zl. 8 million for the year 2000, a figure lowered last Oct. from zl.20
million, reflecting the company's difficulties. Comarch's splendid growth
in 1999 broke in March last year when the price per share started dropping
from an all-time high of zl.162, dipping to zl.42 in November. That drop
was the result of the poor IT market situation, deep investments in the
Interia Internet portal, and the fact that the company had to diversify
its clients. According to Comarch officials, this year the company will
begin achieving stable growth, thanks in part to combined investment of
zl.13.3 million in Germany and the US in 2000-2001. (Puls Biznesu p.1,5;
Parkiet, p.3; Reuters) M.K.
