Kruk posts surge in profits and expects a record year

"We also expect a very good last quarter, thus we decided to increase this year's forecast from zl.7.5 million to zl.10 million," said Jan Rosochowicz, president of W. Kruk. The main owner of the group, Wojciech Kruk, said that despite the company's share value exceeds zl.100 per share, it is still undervalued. The firm will share the profits with its shareholders and the dividend should stand at roughly zl.1 per share. In 2007 the company will designate zl.15 million for investments, such as opening 11 new outlets to bring the total to 77. The projects will be financed from profits and bank loans, as the company is not planning to issue any new shares in the foreseeable future.(Puls Biznesu, p. 14) M.M.