Food firm Wilbo to reveal recipe for success next month

However, after H1 this year Wilbo's net loss amounted to zł.720,000. The situation has affected the company's standing on the Warsaw Stock Exchange (WSE), which has been gradually decreasing since April 2004. At the beginning of October this year Wilbo plans to address the issue by revealing details of its new strategy. According to Parkiet, the company will transform into a group and will transfer part of its current activity, such as meat canning and managing a chain of bars, to its future subsidiaries. The mother company will concentrate on providing fish and seafood. Wilbo's president Jerzy Kuncicki disclosed that the company is also thinking about establishing a commercial company. "The entity would be a typical business company, which would deal with wholesale," said Kuncicki. He also added that in spite of the changes his company does not plan any significant staff reductions in the near future. (Parkiet, p. 1) A.F.