Grupa Kety designates zl.300m for future takeovers

"Currently we are analyzing a few projects both in the country and abroad. I cannot reveal any details concerning them," said Adam Piela, financial director and management board member of Grupa Kety. These negotiations might result with the acquisition of at least one entity yet in 2006. The company will also spend the same amount of money on organic development, mainly on boosting capacity and modernization of production process and it will spend zl.168 million for this purpose in 2006. This year the company plans to post a net profit of zl.80 million on revenues of zl.857.7 million. (Parkiet, p. 5) M.M.