Merlin fails to profit despite seeing a 40% growth in revenues

Although as Merlin's deputy president Krzysztof Jerzyk explained, "The last quarter of 2003 ended in a minor operating profit." He added, "We plan further increases in revenues amounting to 40% in 2004, as well as to post a small net profit." Currently offering over 90% of all book, music and film titles available on the domestic market, the company currently has very little in the way of direct competition as most other operators in the field confine their activities to very narrow niches. However, this has not stopped the company from constantly looking to widen its range of non-book products in an attempt to diversify its sources of income. (Puls Biznesu, p. 10) M.M.