Elektromontaż stock jumps after new contracts

This was the market's reaction to the industrial manufacturing company's signing of three contracts with Ceramika Paradyż for a total sum of zł.4.45 million. In just the last few weeks, the company managed to sign contracts worth zł.8.5 million, which is a lot in comparison to its results for the first six months of 2004 (zł.24 million). "We are fighting and slowly getting back on the right track," said Magdalena Samuelowicz, office manager at Elektromontaż. But she also added that to escape bankruptcy the company must attain the selling rate it had several years ago. Now the firm is not turning a profit. Samuelowicz is planning to get some extra funds by selling the company's unnecessary property, mainly unused industrial facilities. "We are conducting intensive negotiations with potential buyers," said Samuelowicz. (Parkiet, p. 2) A.F.