MPunkt expects to post record 2004 revenues and profits

The revenues are to exceed zł.465 million and EBITDA will amount to over zł.6 million which marks a growth of 60% and 12% respectively in comparison to 2003. "We are optimizing the functioning of our network which results in better financial performance. We have a huge distribution channel that will be filled with new products which will allow us to maintain our high pace of sales growth," said mPunkt's deputy president Dariusz Chlastawa. The company wants to spend its profits on investments in the development of the network and the sale of new products and services. Currently, mPunkt earns mainly on selling Plus GSM services, mobile phones and accessories but it also plans to offer servicing mobile phones and has already obtained necessary authorization from Motorola to do this. MPunkt's main shareholder is Royalton Partners investment fund, which has a 70% stake in the company. (Puls Biznesu, p. 10) E.B.