Koelner screw firm hopes to nail zł.160 million revenues and WSE listing

The company wants to raise zł.70 million from the public offer. The money would be spent on building, among others, a logistic center. Koelner is also planning to expand its sales network and to open new entities in Western Europe. The firm will buy new machines in order to increase its production capacity. The issue on WSE will encompass 5 -7 million B series shares. The prices will be revealed on November 8. The company predicts that this year financial results will be much better than the year before. Its revenues could even total zł.160 million, 36% higher than in 2003. After the first three quarters of 2004 sales were more than zł.120 million, with a net profit of zł.18.3 million. (Parkiet, p. 2) A.F..