Debuts lift IDM's vital statistics
Warsaw Stock Exchange-listed IDM SA brokerage house posted zł.19.55 million net profit after three quarters of this year, over three times higher than in the same period last year when the broker's profit amounted to zł.6.4 million.
"We prefer not to reveal our revenues as in the case of brokerage activity it can be misleading," Rafał Abratański, deputy president of IDM SA, told WBJ.
The management says the good financial results are due to projects finalized in the past couple of months in the asset-management sector and non-public market. The company has already conducted IPOs for seven companies this year, including Bankier.pl, Gino Rossi, Hyperion and One-2-One.
"We're now preparing share issues for Teta and Duda, which are already listed on the Warsaw bourse, as well as the IPOs of two more companies - Gadu-gadu and NTT," Abratański said. "Gadu-gadu and the IT company NTT should debut on the bourse in Q1 2007 at the latest."
IDM SA recently signed a contract for the preparation of public offers of the debt collector Vindexus and steel distributor Drozapol-Profil. The broker is also managing the merger of Point Group, the publisher of Machina and Dlaczego magazines, with Arksteel, a WSE-listed company which doesn't conduct operational activity.
