Internet Group company reports net loss in 2003

"It was another quarter when the results improved, but not enough to reach a positive amount," commented Marcin Marszałek, company president. Internet Group completes most of its contracts in U.S. Dollars, and the falling value of the currency negatively influenced the financial results. Company representatives hope to see a significant improvement in results this year, which is to be brought about by further cost cutting, rather than increasing turnover. The company has decided to incorporate its subsidiary ZigZag, a move which will bring zł.200,000 in savings annually. (Parkiet, p. 5) A.K.