In Brief: PKN Orlen; Amica & Polar; Techmex & Karen; Stoen changes
The financial results of fuel concern PKN Orlen for the fourth quarter of 20
01 reveal that revenue from sales amounted to zl.5.88 billion, a fall of 15%
from the year before. Net profit for 2001, at zl.336 million, was less than
half the figure for the previous year. (Gazeta Wyborcza, p. 31) ... Poland's
largest manufacturer of home appliances, Amica Wronki, achieved record high
revenue from sales last year of zl.257 million, a 5% increase from the previ
ous year. On the other hand, figures released by the company's main competit
or, Polar, reveal its market share is continuing to shrink, with losses amou
nting to zl.28 million in 2001. (Gazeta Wyborcza, p. 32) ... Computer equipm
ent distributor Techmex has signed a contract to purchase a 51.5% stake in i
ts competitor, Karen Notebook. The value of the deal is over zl.1 million.
(Gazeta Wyborcza, p. 32) ... Zbigniew Bejma has replaced Krzysztof Konaszews
ki as president of Warsaw energy distributor Stoen. At the same time, Janusz
Bil has been appointed to the company's management board, as executive in ch
arge of sales and marketing. (Puls Biznesu, p. 8) A.K.