Growing sales secure future profits for Techmex's Karen

Now though, the situation is somewhat different. As Tomasz Stępień, Techmex's financial director, proudly announced, "In 2004, Karen will post a zł.1 million profit." Karen's improving fortunes stem largely from growing sales. Indeed, while last year's revenues topped zł.100 million, they are expected to reach somewhere between zł.120-130 million this year. "We are developing our sales network and we have recently opened a new outlet in Katowice," Stępień revealed, adding that the firm is also considering new openings in other large cities. Techmex also plans to transfer Karen's CeTO-listed shares to the regular floor of the Warsaw Stock Exchange by the end of the year, while in the longer perspective Karen may acquire a new strategic investor. (Puls Biznesu, pp. 1, 11) M.M.