In Brief: TPSA profit; telecom fees postponed; Stomil Olsztyn & Michelin

Analysts are predicting that telecoms giant TPSA will report a consolidated net profit for 2001 of between zl.200 million and zl.700 million. The company's results are expected to be seriously affected by the zl.1 billion reserve fund set up to cover benefits for laid-off employees and other liabilities. (Parkiet, p. 3) ... As had been widely anticipated, the Infrastructure Ministry yesterday decided to postpone until June 30 the payment by independent telecoms operators of the next installment of their license fees. The postponement involves euro 109 million out of a total of over euro 300 million that the companies are due to pay. (Rzeczpospolita, p. B3) ... The series of meetings last week between minor shareholders of tire-maker Stomil Olsztyn and representatives of Michelin have failed to resolve the two-year conflict between the two sides. However, Michelin has expressed its willingness to purchase their stakes from the other shareholders, although no price has been agreed. (Rzeczpospolita, p. B5) P.W.