Internet shares broker says IPOs will boost net profit to zł.8 million this year

The broker is planning to handle the public offers of at least four entities this year. "Two of these company's are not listed on WSE," said Grzegorz Leszczyński, IDMSA.pl president. IDMSA.pl is predicting that it will generate a 2005 net profit of zł.8 million, as compared to zł.5.6 million in 2004. Half of the budget has already been met in the first six months of the year. The latest issue of 1.5 million shares gave the company the net profit of zł.16.8 million. The main purpose of the issue was to increase the firm's working capital. The broker will spend about zł.2 million on the expansion of its outlets. According to the issue prospectus, another zł.2 million will be devoted to the purchase of IT systems. According to Leszczyński, the investment process has already begun. (Parkiet, p. 4) A.F.