Migut Media loses major TPSA contract

Migut Media Group lost a lucrative contract to prepare directories for TPSA, a project in which it has participated, together with three other companies, since 2001. The new contract was won by Kraków-based Donnelly Polish-American Printing. Although for Migut Media this means that its main source of income has been lost, company president Wiesław Migut gave his assurance that it would not affect company finances. "Our incomes will indeed fall, but costs should also be lower. Thus, the net result should oscillate around the 2002 level," declared Migut. Migut Media's net profit for 2002 stood at zł. 1 million. It is not surprising then that the company is now planning new investments, such as producing EU information material. The company is also bidding for projects to be realized in co-operation with the Union, one of which is worth zł. 19.5 million. The company also aspires to debut on the stock exchange. (Puls Biznesu, p. 6) K.Ż.