In Brief: Dębica zł.109 million in dividends; Link4: Soft drinks advertising; GZE
Tire producer Dębica’s supervisory board has decided that almost all of the company’s 2003 zł.109.3 million net profit will be devoted to dividend payments. The producer's largest shareholder is Goodyear which control 60% of shares. (Parkiet, p. 5) ... Insurer Link4, which specializes in direct sales of car insurance, announced it recorded zł.14.6 million in contributions during the first quarter, which is 90% more than in the same period last year. Company president Mariusz Sarnowski announced that contributions will most probably double this year as compared to 2003 when they amounted to zł.44.5 million. (Parkiet, p. 8) ... Domestic drinks and juice producers spent zł.99 million between January and May on advertising, making them the largest spenders, taking the lead from beer producers. According to market analysts this is a result of fierce competition in the sector which has been growing at a pace of 10% annually for the past couple of years. (Puls Biznesu, p. 9) ... The Górnośląski Zakład Elektroenergetyczny (GZE) heat and power plant has incurred an estimated loss of zł.150 million by having signed a contract with a small private company which delivered energy to the concern. Allegedly, the company has not only demanded money for more energy than was actually delivered but it also stole power from GZE's system. (Puls Biznesu, p. 5) A.K.