Edipresse Polska expects to see a return to profit in 2004

Edipresse Polska, the Swiss group which publishes Przekrój, Przyjaciółka and Viva!, is undergoing restructuring, but cautiously announced that it will post a net profit this year. Zbigniew Napierała, the company president, bases his optimistic forecasts on improving sales results of Przekrój and a forecast 7% increase in the company's share of the advertisement market. Moreover, Edipresse reduced its employment by 27 and now employs 334. Last year, the company posted a net loss of zł.19.6 million on revenues of zł.280 million, but to this it must be remembered that it invested zł.20 million in Przekrój. The 2004 results are expected to show a net profit of zł.6 million and revenues of zł.300 million. (Puls Biznesu, p. 11) K.J.