Investors happy with W.Kruk performance in first quarter

At the end of Friday's session on the Warsaw Stock Exchange, the shares of W.Kruk grew by 0.9% to zł.57.5 which translates into a 35% increase for the whole of march. "We are implementing our growth strategy in a consistent way. I think that shareholders perceive us as being a stable company with good prospects," said Jan Rosochowicz. W.Kruk president. Despite the high market capitalization of the company, investment funds are still interested with five funds holding over 5% of the company's shares. The management board is satisfied with first quarter sales. The Deni Cler spring collection was particularly well received by shoppers in February "We introduced the collection to stores at the beginning of February. Despite the cold weather, the sales of exclusive women's clothing was at a very high level, which means high margins," said Rosochowicz. (Parkiet 1-2 April p.4) S.D.