Kompania Węglowa posts net loss for 2003

According to Maksymilian Klank, president of KW, the better results were mainly due to a higher demand, and higher coal prices, maintaining strict control over costs and remitting zł.376.3 million in debts. He also added that in 2004, the company should post a net profit of zł.60 million with the expected extraction of coal at the level of 50 million tones. KW's management also expects to receive shares worth zł.400 million from the state within a month. (Puls Biznesu, pp. 1, 8) M.M.