MSG hoping to plough profits back into expansion

This situation will continue in 2004, leading one of the distributors, Mazowiecka Spółka Gazownictwa (MSG), to express its desire to retain the profit it achieved in 2003 as opposed to paying it out in dividends. "This profit should amount to zł.50 million and we intend to ask PGNiG to use at least part of it for investments," MSG's president Michał Szubski revealed. The company plans to spend zł.100 million on investments in 2004, against the zł.60 million it spent last year. MSG, which sells compressed gas for cars, plans to expand the existing number of gas stations it operates later this year. (Puls Biznesu, pp. 1, 8) M.M.