Eldorado seems to live up to its name

By the close of trade on Friday on the Warsaw Stock Exchange the shares of Eldorado, a Lublin based grocery retailer, rose by 8.1% to stand at zł.41.5, the highest in the company's history. The concern hopes to post an end of year profit of over zł.1.1 billion. "We are moving in accordance with our projections and we are on route to fulfill our annual sales target. I think that Q2 was very good for the firm," said the company’s president Artur Kawa. Eldorado lately won a new significant shareholder, ING NN Polska OFE, but according to analysts, this information did not have any great influence on the retailer's share price. "I think that this is a good company and I believe they will show a positive result, but with no surprises," said Millennium DM analyst Marcin Materna. (Parkiet, p. 6) A.F.