In Brief: JC Auto posts profits; LNM cost cutting; SSN $80 million ship deal

The JC Auto group posted a net profit of zł.4.7 million in Q2, with an income of zł.35 million. The results follow development of JC Auto's primary activity distributing spare car parts. The company plans to further develop its shop network Perfect Service. (Parkiet, p. 5) ... LNM, a company that owns Polish Steel Mills (PHS), aims to reduce their costs by 20-40% in the long run. One of the ways to achieve that will be uniting its repair companies into one service group. It is also planning to start paying its suppliers with cash. (Puls Biznesu, p. 8) ... The Szczecin Shipyard Nowa (SSN) signed a deal to build two ships worth around $80 million for a German company. The deadline is 2007. Because the shipyard has orders to build 36 ships it is sure it will operate until 2008. (Parkiet, p. 8) D.W.