Impel announces it will boost its annual profit to zł.19.5 million

The correction stems from its improving operational profitability and the be nefits of its restructuring process which it began in 2004. "The figure was improved thanks to the better than anticipated result of its cleaning servic es division. A substantial improvement of operational profitability also too k place in the catering company," said Sławomir Borkowski, deputy president of Impel. The concern also benefited from steady management of its receivabl es, which translated into keeping low reserves and write-off funds for bad d ebts. In the first half of 2005 Impel recorded sales of zł.297.3 million, wh ile the figure stood at zł.268.6 million in the corresponding period of 2004 . The net profit after H1 stood at zł.8.9 million, while in the first half o f 2004 the company suffered losses of zł.15 million. (Parkiet, p. 3) M.M.