Krakchemia plans to open supermarket and record revenues of zł. 300 million

Stock-listed Krakchemia has accepted a new strategy to open a network of supermarkets under the brand name of Alma in the Małopolska region. The company already owns two outlets in Kraków and Tarnów. "According to p rojections, we would open between three to six new stores over the next two to three years," said Mariusz Wojdon, deputy president of Krakchemia. The cost of opening the first three supermarkets would amount to zł. 34-45 million, while the remaining three would cost zł. 15 million in total. "We would rather lease retail space instead of the more expensive option of building our own stores," declared Wojdon. Last year, the company had a net profit of zł. 3.2 million on revenues of zł. 156.1 million. "According to our minimum scenario our turnover should reach zł. 300 million by 2005," explained Wojdon. (Puls Biznesu, pp. 1, 9) M.M.