Emax posts good 2002 results thanks to trade sector orders

IT group Emax has fulfilled its financial goals for 2002 and saw its o perational profit increase by 20% to 25% in 2003. The company is pondering a new share issue and is about to embark on a program to consolidate the sector. Emax's 2002 net profit was zl. 8.6 million (34.4% growth on 2001) with an operational profit of zl. 19.1 million (54% up) and revenues r eaching zl. 202 million (22.2% up). The main contributing factor for the better than expected results were trade sector orders which grew to zl. 41 million compared to zl. 25 million in 2001. The company received less orders form the financial sector but says it believes this is a short-term te ndency. At the moment the value of Emax contracted orders for 2003 is zl. 70 million. Around 75% of the company is controlled by BB Investment. (Parkiet, March 1-3, p. 4) J.K.