CSS extends deal with HP, beats profit projections

The firm is set to earn zł.25 million over the next three years. CSS is also planning to buy another company before the end of this month. Therefore, it is probable that the firm will increase its financial projections for 2005. "We have been cooperating with HP Polska for a few years now. The latest deal is a continuation and extension of an earlier contract," said Andrzej Woźniakowski, CSS president. He refused to disclose any details of the contract. It has only been revealed that CSS will service computer equipment produced by HP. Woźniakowski said that his company had no difficulties in meeting projections for 2004, which were for zł.112 million in revenues and zł.6 million in net profit. This year results are going to be even better, which is mainly the result of the acquisition in Q4 of three new companies: BigVent, AT Rege and ArtCom. According to projections from the end of 2004 CSS should record a net profit of zł.7 million, with the turnover of zł.150 million, but the firm is thinking about changing the projections. (Parkiet, p. 4) A.F.