Lumena delays IPO in order to complete restructuring

Before that it intends to complete its restructuring process and widen its product offer. "Once we finish all envisaged changes inside the company, Lumena will become a totally different and far more modern enterprise," said the company's spokeswoman Ewa Bomersbach-Skarżyńska. The firm will introduce new products, such as security services and ERP solutions. The latter move will have a positive impact on its results. In 2004 the firm had sales revenues of zł.110 million and posted a net profit. "These are unaudited information so they can still slightly change," explained the spokeswoman. The turnover was 10% higher than anticipated. In 2003 sales were even higher and reached zł.160 million, but this was the result of executing a large one-off contract. (Parkiet, p. 8) M.M.