J.W. Construction posts record results ahead of IPO

It noted revenues of zl.726.3 million, which is over 75% higher than in the preceding year. The net result was twelve times higher than in 2005 and it stood at zl.132 million. This is good news ahead of its Q2 IPO, where it hopes to collect zl.200 million from the sale of new shares and, "All of this money will be designated for purchasing land for new investments," said Ryszard Matkowski, president of the holding. Additionally, the owner of the company, Józef Wojciechowski, is planning to dispose of some of his shares, but expects to retain control over the company. The total value of an IPO is likely to amount to zl.600 million. (Parkiet, p. 1, 4) M.M.