Inter Cars has a record Q2

The leading domestic car parts distributor Inter Cars boosted its Q2 revenues by 40% as compared to the same period last year to zł.157.5 million. The company recorded a net profit of zł.6.3 million in the period, up from zł.900,000 a year earlier. The good results were chiefly thanks to the company's expansion in the spare parts sector, development of its own nationwide distribution network, and servicing fleet customers. The management estimated that this year's revenues would amount to zł.600 million, and according to first half results, there should not be a problem with reaching the target. However, operating profits fell from zł.4.4 million in Q2 2003 to zł.3.7 million, which were seriously effected by the euro to złoty exchange rate. (Parkiet, p. 4) A.K.