Jago hopes new fleet and logistics centers will help boost its market share

The company wants to debut on the Warsaw Stock Exchange (WSE) in November, and will pay out a dividend from its 2005 profit. Jago projects that it will collect some zl.15 million from the share issue. The remaining zl.8.5 million needed to fulfill the investment program will come from the firm's own capital and loans. The money will be devoted to the construction of logistic centers in Warsaw and Bydgoszcz. The company will also expand its transport fleet and modernize its IT system. "Our main task for 2006 is the development of the company and to expand our 6% market share". Some acquisitions might be on the horizon, but we believe that there are very few entities of interest for us," said Zbigniew Mendel, Jago's president. (Parkiet, p. 4) A.F.