Kęty steels itself for solid year

The firm says its Q3 group net profit will be between zł.26 million and zł.27 million. "In the third quarter of 2005, Kęty's consolidated results would be similar to those posted in the third quarter of 2004," it said in a statement.

The company, which will reveal its results for the first nine months of the year in early November, expects operating profit to reach zł.29-30 million.

First-half net earnings fell 14 percent year-on-year to zł.45.3 million, hit by high aluminum prices on world markets, and the strong Polish currency that dented export revenues. The company's full-year net profit forecast stands at zł.102 million. (Reuters)