Grupa Lotos continues to grow

However, this growth is not accompanied by greatly improved net results - forecast at zł.657 million, net profits are up just zł.9 million in comparison with the previous year. "Our forecast is balanced," said Paweł Olechnowicz, president of Grupa Lotos. He explained that the dropping financial result is due to decreasing refinery margins. "With smaller margins we achieve quite a good result. Especially bearing in mind that the situation on the market is changing, the price of oil dropped and according to analysts it will continue to decrease," said Olechnowicz. The Gdańsk-based company forecasts that its share in the domestic fuel market will reach 25.7%, which would mark a growth of 2.9% in comparison with 2005. (Parkiet, p.3) M.M.