Intercity on track with smaller losses, modernization

"We reduced the loss on operating activity to zł.1.5 million. In the first half of 2004 the loss amounted to zł.32 million, so it was over twenty times higher. The turnover in the same period increased by zł.60 million to zł.423.6 million," stated PKP Intercity president Jacek Prześluga. Although according to the financial plan prepared at the end of 2004, the company will close this year with a loss exceeding zł.20 million, its representatives hope that the loss will eventually decrease. PKP Intercity is currently trying to find financing for the modernization of its train fleet. "We are in talks with several financing institutions but I do not want to talk about it now. This year we want to spend zł.100 million in total for the modernization of trains. We have already invested zł.24 million," revealed Prześluga. (Puls Biznesu, p. 9) E.B.