In Brief: Frantschach Swiecie; Szeczcin Shipyard to issue more shares; TPSA

The market leader producing paper for sacks and cardboard, Frantschach Swiecie SA., announced its results for the first quarter of 2002, with a net profit of zl. 29 million. About 70% of production is exported to the EU. (Rzeczpospolita, p. B3) ... Krzysztof Piotrowski chairman of Porta Holding, which owns the Szczecin Shipyard, has criticized the government and the banks for the first time for passing a resolution to increase the shipyard's initial capital by zl. 406 million through a new share issue. (Rzeczpospolita, p. B2) ... The antimonopoly court has overturned the decision of the Office for Competition and Consumer Protection (UOKiK) for imposing a zl. 54.1 million fine on TPSA for monopoly practices. On Tuesday, the Telecommunication and Postal Regulatory Office (URTiP) cancelled the decision of its predecessor, the Telecommunications Regulatory Office (URT) that imposed a zl. 350 million fine on TPSA. (Gazeta Wyborcza, p. 23), M.T.