Dębica reportedly nets over zł. 25 million in first quarter

According to unconfirmed reports, tire manufacturer Dębica recorded net prof its of between zł. 25 million and zł. 30 million during the first quarter of this year. If this information is confirmed, the company's profit growth dyn amics will amount to 80%-100% compared to the same period last year. Analyst s also expect Dębica's chief competitor, Stomil Olsztyn, to post exceptional ly good results. "Financial institutions are interested in making investment s into both of these companies," said Tomasz Binkiewicz, an analyst at DM BO Ś. It was also reported that French tire maker Michelin will call a tender t o buy the 30% of Stomil Olsztyn that it does not already own. Michelin will offer shareholders zł. 46.50 a share in an offer to run from April 15 to 30. (Puls Biznesu, p. 18; Parkiet, p. 1) A.K.