DB24 returns a profit and to improve liquidity

Deutsche Bank 24 has finally found itself in the black and, "We managed to increase our net profit by over 50% despite the fact we failed to reach the scheduled zl. 15 million," said DB24 president Marek Kulczycki. The managem ent decided to not pay out dividends, but rather to cover substantial past losses. The bank will pay back its zl. 200 million loan to the Banking Guar antee Fund (BFG) by 2010. At present the liquidity of DB24 shares is rather symbolic, as most of them are held by the German parent company but, "There are no reasons to withdraw the company from the bourse," declared Kulczycki. In 2003, the bank plans to have a faster growth rate of loans over deposits in order to limit it high financial over liquidity of 24%. (Gazeta Wyborcza, p. 22) M.M. Media News: Bauer profits up; Optimus returns to the web; Przekroj relaunch ed The revenues of the Bauer Publishing House for 2002 stood at zl. 580 millio n. This is a growth of over 30% as compared to the last year's result which amounted to zl. 440 million. This year the company plans to focus on implem enting its own projects, such as new motor publications and TV guides. (Med ia and Marketing Polska, March 6-19, p. 22) ... Optimus launched a new webs ite and an on-line computer shop. Company insiders explained that this refl ects changes in the company's marketing strategy, which now assigns the Int ernet a major role in the company's development. (Media i Marketing Polska, March 6-19, p. 26) .. The end of March is to witness the re-launch of Przek roj to be published by Edipresse Polska. The publisher plans to spend zl. 9 million on a campaign to promote the weekly. (Media i Marketing Polska, Mar ch 6-19, p. 20) K.Z.