Domestic factoring firm set to debut on the WSE today

The company is planning to float over 2.4 million shares. At the same time the company's management, following a study of its current financial standing, decided to increase its projected profit as of the end of the year from zł.4.3 million to zł.5.1 million. Despite the fact that Eurofaktor has managed to raise only zł.36 million from the issue as compared to the anticipated zł.50 million, it upheld its projected results for 2005 and 2006, when the company hopes to generate zł.8.3 million and zł.10.4 million in net profits respectively. "In earlier projections we prepared the data with some room, now we have to try hard to achieve them," said Eurofaktor deputy president, Mirosław Nowicki. (Puls Biznesu, p. 7) A.K.