In Brief: Wagon; PGF on target; Liberty Poland; Unimil; Templeton
Yesterday, seven employees of Ostrów Wielkopolski train carriages producer Wagon began a hunger strike, due to the failure of negotiations between trade unions and management on overdue pay and the future of the company. Both sides accuse each other of lack of good will. The strike began two weeks ago. (Rzeczpospolita, p. B2) ... Domestic drugs wholesaler PGF sustained its forecast of a 2003 profit of zł. 34 million on revenues of zł. 3.4 billion. After the first half, the company had a zł. 14.75 million profit on sales of zł. 1.7 billion. (Rzeczpospolita, p. B3) ... The largest domestic dealer of mobile phones, Liberty Poland, forecasts it will double its turnover to zł. 400 million. This will be the effect of expanding its sales network and changing ways of settling accounts with Plus GSM. (Rzeczpospolita, p. B3) ... Sale revenues of condom manufacturer Kraków-based Unimil grew by 7% in its accounting year, which closed on June 30, and amounted to zł. 32.7 million. The company managed to acquire a new client - Tesco supermarkets. (Parkiet, p. 4) ... Templeton emerging markets specialist Mark Mobius said in a phone interview with Bloomberg yesterday that he was buying Polish stocks because of their future prospects connected with next year's EU accession. He said he would focus on domestic banks, the metal industry and industrial stock. (Parkiet, p. 1) M.M.