LOT to debut on WSE next year?

In the second half of 2004 the Treasury Ministry intends to list Polish Airlines LOT on the Warsaw Stock Exchange (WSE). LOT's president Jan L itwinski said the company's net profit was higher than the forecast zl. 28 million, however, he refused to give any details. In his opinion the higher profit is thanks to LOT's 5% increase in revenues in 2002, as well as reductions in costs. Former Treasury Minister Wieslaw Kaczmarek was planning LOT's public offering for 2003, but he abandoned his plans due to the unclear ownership of LOT's 25% stake which is at the disposal of the r eceiver of the bankrupted Swissair Group. (Puls Biznesu, p. 6) A.Z.