In Brief: Mazeikiu Refinery; Ranking of largest retailers; SSN loss; Ciech

Lithuanian Mazeikiu Refinery plans to increase its deliveries of liquid gas (LPG) to Poland and to post a profit higher than its 2003 one of $71.9 million. "The Polish fuel market is interesting for us. We will be working on boosting our supply to Poland," said Nelson English, the general director of the company. (Parkiet, p. 4) ... According to the ranking of Handel magazine, the largest retailers in Poland are Metro, Jeronimo Martins Dystrybucja and Tesco with sales amounting to zł.11.6 billion, zł.4.2 billion and zł.4.2 billion respectively in 2003. In 2003 revenues of the 50 largest domestic retailers increased by 22% to reach zł.64.1 billion. (Parkiet, p. 6) ... Despite zł.1.3 billion of state aid, the New Szczecin Shipyard (SSN) posted a 2003 loss of zł.33 million. SSN president Andrzej Stachura put this down to the need "To establish reserves for long-term contracts". (Puls Biznesu, p. 6) ... Chemical concern Ciech will submit its issue prospectus to the Securities and Stock Exchange Commission at latest by June 21. The public offer should allow the company to raise zł.200 million from the floor. (Puls Biznesu, pp. 1, 6) M.M.