First half-year results for stock partnerships announced

About half of the 100 stock partnerships from the production, trade and services sectors who have reported their first half-year results have not disappointed investors. The high level of industrial production growth and the substantial increase in the value of exports have benefitted the sales and profits of stock partnerships. Copper conglomerate KGHM has reported an almost 30%-increase in sales and profits, with a net profit of zl. 300 million. Paper-producer Swiecie recorded a 670% increase in net profit, which amounted to zl. 113 million, and a 40% increase in the value of sales. Tire-producers Stomil Olsztyn and Debica had net profits which were double that for the same period last year. Brewing company Zywiec's value of sales was twice as high as last year and net profit was five times higher, amounting to zl. 36.6 million. Construction companies Mostostal Export and Mitex also recorded very good results. However, the meat sector had very bad first half-year results, but analysts say this is quite common. "New-economy" companies had mixed results. ComputerLand, Prokom and Softbank had the best results, with profits soaring in the second quarter compared to the first. Optimus' loss increased, amounting to zl. 8 million. Telecom companies (Telekomunikacja Polska S.A., Elektrim and Netia) and the top banks have not yet reported their results. (Gazeta Wyborcza, July 22-23, page 32) M.M.