Eldorado enjoys a boom in revenues and profits

"The second quarter was good and due to this we are maintaining our full year forecast," said Eldorado president Artur Kawa. According to company's plans, which only foresees organic growth for 2003, the company should be able to post a net profit of zł. 13 million on revenues of zł. 893 million. "As previously stated we are in talks with potential consolidation partners in the retail and wholesale sectors, and we are fully ready to carry them out. I cannot say for sure that any merger would take place this year," said Kawa. As part of its investment strategy, Eldorado opened two wholesale outlets, three supermarkets and opened 12 new franchised retail stores in the second quarter. "Our future plans foresee further expansion of the sales network and improving results by 20%-25% annually," announced Kawa. (Parkiet, p. 4) M.M.