Expansion of Alma Market to reach Berlin and Vienna

"Those are ambitious assumptions but I believe that we will fulfill them," declared Jerzy Mazgaj, Alma's president and main shareholder. By the end of 2007, the commercial space of the stores is to double and amount to 48,000 square meters. Alma plans to open two new stores this year. It also envisages further expansion and intends to open stores in Berlin and Vienna. The investments which will amount to zł.75 million in 2006 and 2007 will be financed in 40% from the company's own funds and the remaining part will be financed by loans. In Q1 this year Alma's stores posted a net profit of zł.1.8 million and generated revenues of zł.58 million. (Puls Biznesu, p. 12) E.B.