In Brief: KGHM to raise output; BZ WBK; Sluzewiec betting system; Epson
Copper miner KGHM wants to raise its annual copper production by 50,000
tones, to 550,000 tones, said Stanislaw Speczik the company chief executive
yesterday. (Reuters) ... Bank Zachodni WBK, the fifth largest bank, hopes to
double its net 2002 profit to between zl. 290 million zl. 300 million after
its earnings rose nearly 8%, up to zl. 144 million in the first half thanks
to strong revenue growth, tight cost control and lower bad debt provisions.
This was in line with analysts' expectations. (Reuters) ... The management
of Warsaw's horse races chose seven out of fifteen companies who parti
cipated in the tender bid to develop and run a nationwide betting system.
"We will start detailed negotiations soon. The final contract will be signed
in the autumn," said the president of Sluzewiec, the company that owns the
horse races. The contract is worth around zl. 100 million. (Puls Biznesu, p.
8) ... Epson, a company that sells computer printers is planning to double
its share of the domestic market up to 15% after the company's sale rose by
110% in the second quarter. (Rzeczpospolita, p. B4) A.D.