Emax exceeds expected profitability

Emax, a Poznan-based computer systems integrator controlled by BB Investment, will close 2003 with an zl. 8.6 million net profit - far in excess of the forecast zl. 6.7 million - and would like to increase its annual consolidated profits by 20%-25% over the next two to three years, the company announced yesterday. Consolidated sales in 2002 were zl. 202.7 million against the predicted zl. 192.3 million. The higher than expected figures result mainly from the company's increased profitability and higher revenues. The company is considering a share issue later this year and plans to take a, "More active role in market consolidation". This however, "Depends largely on the situation on the market," said Emax supervisory board chairman Pawel Turno. (Parkiet, p. 6; Reuters) J.K.