Skip to content
Advertisement

Business

In Brief: Coal mine profits; Daewoo's LD 100; DB 24 profit forecast

During the first five months of 2002 the coal mining industry extracted 42.1 million tons of coal, and recorded profits of zl. 191.3 million. In the same period last year the mines sold one million tons more coal and made profits of zl. 243.9 million. (Puls Biznesu, p. 6) ... The chances of finding an investor which would be ready to commence production of the LD 100 delivery van, in the Daewoo Motor Polska plant in Lublin, are now very slim. The project which is 80% ready has cost the Korean investor zl. 800 million and another zl. 200 million is needed to complete the project. (Puls Biznesu, p. 8) ... Deutsche Bank 24 (DB24) president, Marek Kulczycki, announced profits in 2002 will reach zl. 15 million. The company plans maintaining profitability in the coming years, however according to Kulczycki, it will be very tough to cover previous years' losses, which total zl. 160 million, until 2006. (Parkiet, p. 7) A.K.

More from Business All