IGA weaves healthy profits as increased car upholstery sales loom for 2004

The company expects to increase its sales revenues to zł.510-540 million against zł.473 million in 2003 and post a net profit of zł.43-45 million. IGA has recently signed a new contract worth about zł.70 million a year for the delivery of car upholstery for the Volvo-XC 90, to take effect during the latter half of the year. Wojciech Witkowski, IGA's deputy president, announced that the company is currently bidding for several more tenders in addition to negotiating with existing customers for further orders. According to Puls Biznesu, the company is rumored to be in receipt of orders worth as much as zł.400 million. (Puls Biznesu, p.10; Parkiet, p.3) E.B.