Flooring specialist Lentex on target after turnaround

Lentex, a leader in floor coverings has posted significantly healthier figures compared to the previous year. In the first half of 2003 the firm recorded a mere zł.0.44 million profit on revenues of zł.75 million, while this year the earnings are already standing at more than zł.5.3 million. The turnaround is largely the result of a restructuring programme. Company officials refused to go into details about the figures, but they said the results are much better than anticipated both in terms of sales and net profits. "At this moment the firm is unable to meet the demand," said Lentex's financial director Jerzy Kusina. Now the company is planning to launch a new production line, which will boost capacity by 40%. According to Kusina, Lentex will meet its full-year forecasts of zł.193 million sales and zł.13.7 million earnings. (Parkiet, p. 2) M.M.