JW Construction beats downturn in property market and plans to go public

JW Construction, a leading Warsaw residential property developer is ap proaching the last stage of its preparations before going public. Its issue prospectus should be ready by the beginning of May. "We are planning a public issue of shares worth about zl. 100 million. Should the economic climate be favorable, the company could be quoted on the stock exchange before the end of the year", said Jozef Wojciechowski, head of supervisory board and company owner. Meanwhile, the company revealed its adjusted financial results, showing a net profit for both its construction and sales divisions, at zl. 38.9 million on revenues of over zl. 521 million. This year the company hopes to boost its profits by 15%. (Puls Biznesu, p. 6) M.K.