In Brief: Philips sells TV plant; KGHM; mBank; Redan profit warning

The new investor plans to continue production. The Kwidzyń factory produces around 5 million TV sets a year. (Parkiet, p. 7; Puls Biznesu, p. 10) ... The management board of copper concern KGHM has dismissed the directors of its branch in Congo due to ignoring the board's decisions and mismanagement of its property. (Rzeczpospolita, p. B4) ... The number of mBank's clients has increased by 45% since October 2003 and exceeded 700,000. "By the end of the year we will have 750,000 clients who will use 940,000 accounts," declared Krzysztof Tworus, the deputy head of BRE Bank's Electronic Banking Department. The value of deposits in mBank amounts to zł.2.8 billion. (Rzeczpospolita, p. B7) ... Redan, a clothes distribution company, has revised its 2004 financial forecast. The company now expects to post a profit of zł.15 million rather than the zł.20 million earlier anticipated. (Rzeczpospolita, p. B4) E.B.