Efficiency drive boosts Polkomtel profit to zl.476 million in first 3 quarters

According to an announcement by Polkomtel S.A., operator of the Plus GSM cellular phone network, the company recorded a zl.476 million net profit in the first three quarters of the year, based on revenue of zl.3.1 billion. In the third quarter alone net profit stood at zl.245.7 million and revenue at zl.1.1 billion. According to company president Marek Mroczkowski, these results were possible thanks to cost rationalization and the company's commitment to increasing the effectiveness of its management. Polkomtel's operating costs were zl.703.4 million in the third quarter of 2001, an increase of 11.3% over the same period of last year. Polkomtel plans to end this year with 3.5 million subscribers, zl.500 million in net profit, and zl.4.2 billion in revenue. (Prawo i Gospodarka, p. 4) P.J.