Hygienika's new production line prompts big profit forecast for next year

Diapers and female hygienic products manufacturer Hygienika has begun production in its new sub-Warsaw plant, which was financed from recent share issue. "Previously we had to subcontract production, which was obviously decreasing our profitability," said Hygienika president Hubert Stępniewicz. Thanks to the launch of production the firm is convinced it will meet its 2004 financial forecast. Hygienika plans to post net profit of zł.3.1 million on revenues of zł.64.4 million this year. The company says the figures could increase to zł.8.2 million and zł.92.5 million respectively next year. However, analysts sound a note of caution saying, "The risk is as high as the probability of dynamic increase." Stępniewicz also announced the company was planning an acquisition. (Puls Biznesu, p. 8) M.M.