lTI Group expects KPWiG decision on stock market listing next month

Deputy chairman of media giant ITI, Michal Broniatowski, has said the corporation expects the Securities and Stock Exchange Commission (KPWiG) to decide next month to allow the company to trade publicly. However Broniatowski, who is also the ITI Group's head of public relations, did not specify the date when the company expected to be launched on the Warsaw Stock Exchange (WSE). Last year, citing the downturn on the WSE, the company postponed a planned share issue worth, according to company chairman Janusz Wejchert, zl.200 million. The Group's financial report for 2001 has not been published yet, but in the first half of the year sales revenue amounted to $68.3 million, $61.6 million of it from its television operations. The Group, which controls TVN and Poland's largest Internet portal, Onet.pl, recorded a net profit for the first half of 2001 of $3.5 million. ITI is already listed on the stock exchange in Luxemburg, where its capitalization amounts to $281.5 million. (Rzeczpospolita, p. B5; Prawo i Gospodarka, p. 6) M.T.