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Dzień Dobry aims to improve its results prior to sale

"We are open to acquisition offers. If we receive a proper offer, Arcus Capital will be willing to sell us," said Morten Lindholm Jorgensen, DD Media president. The financial valuation of the company is ready as it was prepared for talks with a sector investor which was interested in the acquisition. However, the initial negotiations ended in a fiasco as the proposed price was below the owner's expectations. Before a new potential investor appears, the company plans to first improve its financial results. "We want to double our revenues by 2007 and reach a 10% EBITDA rate," revealed DD Media president. This year the company hopes to see revenues of zł.30 million, but at present it still remains in the red. "We might be able to show a net profit in Q2 2006," added Jorgensen. (Puls Biznesu, pp. 1, 7) A.K.

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