Mostostal Export to reap rewards of Russian deals but some seem unconvinced

The net profit of Mostostal Export, a construction company, should exceed zł.3 million, while its revenues from sales should surpass the zł.180 million mark this year, the company's president, Michał Skipietrow, has announced. The company plans to achieve these results through its active export policy, which should haul in revenues in excess of zł.160 million from foreign contracts. Most of this figure will come from the contracts executed in Russia, with operations in the EU set to net about zł.40 million. A further zł.10 million is also slated to be achieved from two deals to be signed and sealed soon in Ukraine and Kazakhstan. Skipietrow added that the firm is currently negotiating contracts worth $85 million. After the first five months of 2004, Mostostal Export's sales amounted to zł.79.19 million, out of which zł.62.9 million was derived from abroad. However, the company's consolidated financial results are not seen by many as satisfactory, as in Q1 2004 its consolidated net loss came to zł.3.07 million. (Puls Biznesu, p. 11) E.B.