Investor confidence in Betacom is shaky

"In August 2003 we fulfilled a huge contract. It was a very good month for us," explained Mirosław Załęski, the company's president. "This year we managed to win more contracts, but these had lower values," he added. According to Załęski, the next few months will be more favorable. He is pleased with the results for September, which will be considerably higher than September 2003. Revenue projections for this accounting year are zł.82 million (35% up on 2003) and a net profit of zł.3.4 million. Investors, however, are very wary of what the company says. At the end of trading on Tuesday, Betacom's stocks were worth zł.19.95 each, which is 28% down on February's price. (Parkiet, p. 4) A.F.