JC Auto steers for the bourse and predicts greater profits

The firm believes the value of sales will increase to zł.140 million as opposed to zł.100 million last year, while net profits are set to grow by 40% to reach zł.13.8 million. On May 17, the subscription for the company's 2.5 million shares is to commence, and if demand proves satisfactory, the firm will be able to raise at least zł.50 million from the floor. Meanwhile, sector competitor Inter Cars is also driving toward the bourse, with the initial listing planned for May 26. In two tranches, 3.8 million shares will be sold to institutional and private investors. The public offering is the viewed as the latter company's only way of freeing itself from the control of the Capital Ballinger fund. Inter Cars' management would not reveal the value of the shares that will be listed, although other sources estimated them as being worth zł.80 million. (Puls Biznesu, p. 9) A.K.