FSO profit

According to supervisory board chairman, Wojciech Janczyk, FSO posted a net profit of zł.250 million on revenues of zł.1 billion in 2004. However, the result is purely theoretical. "Such a result is only the effect of writing off numerous liabilities, such as the consequence of the purchase of FSO's liabilities to banks by AvtoZAZ," said Janczyk.