Kruk hopes to pay higher dividends from higher profits

The company's operating profit stood at zl.3.2 million and was 382% higher than in 2005. "In H1 2006 we completed the process of integration of Rytosztuka with W. Kruk. We have thus two companies in the group: W. Kruk which specializes in jewelry and Deni Cler which sells apparel. Both companies are able to generate even higher profits," declared the president of W. Kruk Jan Rosochowicz. He stated that if W. Kruk maintains its good results in Q3 and Q4 it will certainly exceed its financial projections. "We want to exceed a net profit of zl.7.5 million, an operating profit of zl.11 million and sale revenues of zl.128.7 million at the end of 2006. Since 2005 our strategy has envisaged paying dividends. We will pay out zl.1 per share for 2005, but we would like the dividend for 2006 to be much higher," revealed Rosochowicz. By 2008 the company will increase its number of jewelry stores from 39 to 55, and Deni Cler outlets from 23 to 30. (Puls Biznesu, p. 11)