GUS releases 2002 company results - loss reduced

The negative net results of companies fell in 2002 to zl. 1.9 billion from zl. 2.6 billion in 2001, the Central Statistical Office (GUS) disclosed yesterday. According to the GUS report, net profits in companies operating in Poland grew to zl. 26.6 billion against zl. 23.4 billion in 2001 while the net loss increased to zl. 28.57 billion from zl. 25.98 billion a year earlier. Some 63.5% of all companies recorded profits while in 2001 the number was 61.6%. According to GUS, the main financial and economic indices improved slightly as in 2002 costs grew slower than revenues. The number of firms exporting their products fell to 43% in 2002 against the 2001 figure of 49% but their condition has improved as 66.3% recorded profits while in 2001 the figure was 61.6%. (Parkiet, p. 1; www.puls.biznesu.pl) J.K.