ComputerLand likely to announce appalling Q4 net profit

The 2002 Q4 net profit of system integrator ComputerLand (CL) group dropped to zl. 3.1 million from zl. 14.7 million generated in the same period in 20 01. The group's entire net profit for 2002 stood at zl. 13.5 million as com pared to zl. 27.7 million in 2001. CL's consolidated operational net profit came at zl. 7.5 million in the last quarter of 2002 and zl. 23.5 million for the entire year. Company president Tomasz Sielicki said ComputerLand is sti ll looking to take over other market players. "We have zl. 150 million on o ur account, a good credit rating, as well as shares which are a good way of paying for acquisitions," Sielicki said. He added that although he does not expect CL to be acquired by a sector competitor, he would not say "no" if an international group made the company a good offer. (Puls Biznesu, p. 10; ww w.onet.pl) A.Z.