In Brief: Netia's higher revenue; KGHM's profit; Lublin vans start again

Netia Holdings, the biggest alternative telecom operator in Poland, posted zl. 146.6 million in revenue in the first quarter of 2002, 19% higher than in 2001. However, the number of active subscriber lines, which was 342,000 in March, decreased by 0.4% compared to the end of 2001. (Rzeczpospolita, p. B4) ... KGHM Polska Miedz had a zl. 59.7 million profit in the first quarter of 2002, 30% higher than the same period last year. According to Sebastian Slomka of BDM PKO BP, "there is a risk that these results are, to a considerable extent, the result of accounting operations. However, this issue can be resolved only after the consolidated results of the whole group are published." (Prawo i Gospodarka, p. 5) ... Automotive manufacturer Andoria has renewed production of Lublin vans formerly made by Daewoo. Andoria plans to produce 3,000 of these vans per year. Thanks to a loan granted by Kredyt Bank, the company managed to rebuild its network of suppliers, which has provided a few hundred new jobs. (Prawo i Gospodarka, p. 7) P.W.