IDM's prognosis up again

Brokerage house IDM has raised its financial prognosis for the third time this year. The company's net profit should reach zł.25 million in 2006, which is a 160-percent growth year-on-year.

"The assessment of projects carried out this year and very good results in different departments indicate that our financial results this year will be better than we expected," said Grzegorz Leszczyński, IDM's CEO. "At the end of Q1 we'll present investors with the prognoses for next year. We believe they will be higher than this year," he added. "The number of contracts already signed is higher than in the same period last year."

IDM prepared eight public share issues this year, including the IPOs of such companies as Bankier.pl, Gino Rossi, Hyperion and One-2-One.

"By the end of this year we'll have realized two more share issues and three IPOs," Leszczyński said. Soon the Warsaw Stock Exchange will see the IPO of sales-outsourcing company Arteria, which IDM has prepared.

IDM has submitted four more IPO prospectuses, which are waiting for the approval of the Financial Supervisory Commission - for clothes producer Monnari Trade, beauty products firm Kolastyna, IT company Infovide-Matrix, and instant messenger Gadu-gadu.

After the first three quarters of 2006, IDM's net profit amounted to zł.19.55 million, three times more than in the same period last year.