Improved results after Hoga.pl swaps portal for equipment sales

Katowice-based Hoga.pl is concentrating on IT services after having withdrawn from running an Internet portal. The company's revenues for the second quarter were higher than for the same period last year, when they amounted to zł.2.3 million. The quarter closed with a negative financial result, mirroring previous results, but losses are gradually diminishing. Most of the revenues are generated by selling hardware. Company president, Tomasz Kosobucki, when asked if Hoga.pl will be able to close the year with a positive result stated that the market is very difficult. (Parkiet, p. 4) A.F.