Inter Groclin announces guarded 2003 sales projections

The consolidated profit generated by car equipment producer Inter Groclin (IG) in 2003 is forecast to increase to zl. 31-31 million from zl. 28.2 mil lion last year. The company estimates that this year's revenues from sales will increase to zl.. 470 million from last year's zl. 429 million. "It is a very cautious forecast and I think that in the third quarter of 2003 we will be able to improve the figures," said IG's president Zbigniew Drzymala addi ng that better results may be achieved thanks to winning new contracts. The forecast is based on declarations of the IG's customers which project the s ales of their luxury cars in Europe. (www.onet.pl) A.Z.