Elektrobudowa's mixed fortunes

President of industrial electricity equipment producer Elektrobudowa Jacek Faltynowicz thinks that the 2003 financial projections of his company's net profit amounting to zł. 4 million are not endangered, despite a zł. 4 million loss recorded in the first quarter. "This period is usually the weakest for us, as we carry out a majority of our contracts in spring and summer," explained Faltynowicz. Over the first three months, sales amounted to zł. 40.2 million against a planned zł. 37.3 million. At present the company has a portfolio filled with contracts worth zł. 145 million and over zł. 125 million will be carried out this year. "Never before have we had so many orders over such a short time scale. Due to this I am convinced that our financial forecasts will be met," said Faltynowicz. The company expects to have sales revenues of zł. 270 million in 2003. (Parkiet, p. 4) M.M.