Kęty issues profit warning as good Q3 fail to make up for a poor 2005

The company believes, however, that the shortfall will not be larger than 10%. In Q3 this year the company generated a net profit of zł.27.8 million, 8% more than in the same period last year, and the sales rate increased by 3%. "The results should be considered very good taking into account that the situation on the market was very unfavorable. The price of aluminum, which is a major material for us, grew by 8%, while the Euro and the US dollar dropped by 9%," said Mariusz Mańko, president at Kęty. In spite of the improvement recorded between July and September, Kęty did not manage to make up the poor results from H1. After three quarters of the year the sales rate is 4% lower and the net profit 7% lower than in 2004. In order to minimize the difference between the projections and the actual 2005 result the company has increased the prices of its products. (Puls Biznesu, p. 10) A.F.