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Kopex's expansion plans strained by its short term liabilities

"We have recorded a 70% increase in revenues during the first half of the year. There are signs that we might double our revenues," said Kopex president Rafał Rost. Boosting revenues would be based on expanding activities relating to trading energy on the home and foreign markets, as well as through coal sales. "We also intend to offer complex services for mines both in Poland and abroad," added Rost. However, one major barrier is the company's liabilities and reserves, which amount to zł.152 million, of which zł.128 million are short-term liabilities. (Puls Biznesu, p. 11) M.M.

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