Skip to content
Advertisement

Business

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.

More from Business All