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Good Q1 for ComputerLand

In the first quarters of both 2004 and 2005 the group generated revenues of around zł.152 million, but operating profit grew from zł.7.6 million to zł. 8 million and net profit in Q1 2005 amounted to zł.3.5 million in relation to zł.3.2 million in the equivalent period of last year.

The business activity of the ComputerLand Group encompasses six sectors, the largest revenues being generated by banking and finance. In Q1 the company continued with the implementation of IT projects for the National Bank of Poland and Bank BPH SA. It also realised a number of orders for governmental institutions and completed the accounting system for TPSA.

The areas of planned development include the rapidly growing GIS market, the chemical sector and projects related to the government's offset deals. The company is also hoping to participate in the implementation of a national communications network called TETRA.

According to the recent reports by Top 200 and Teleinfo 500, ComputerLand is the IT leader in banking and finance, utilities and industry. It is also the largest company providing outsourcing services.

The company also operates in Russia and Ukraine. In order to consolidate its position in the utilities sector, the group is planning some new acquisitions.

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