Kompania Węglowa anticipates 2005 profit of zł.236m

"For 2006 we forecast a net profit of zł.160 million," said Maksymilian Klank, president of KW. In 2005 the company has spent zł.651 million on investments, which is zł.163 million more than in previous year. The concern repaid zł.700 million of its outstanding debts and thus its total liabilities now stand at almost zł.4 billion, mostly owed to the National Insurance Office (ZUS). "We do not intend to dispose of shares in chemical giant Ciech," said Klank. He went on to say that the company will keep sales at their present level, but will modernize its sales channels by introducing electronic sales for both individuals and companies. Virtual trade should increase the sales of KW, which stood at zł.10 billion in 2005. (Puls Biznesu, pp. 1, 7) M.M.