My name is Tim, and I'm creating a new company

A shareholders meeting is set to take place on Oct. 27. "The aim of this operation is to allow the company to focus on its main activity, which is selling electrotechnical materials," explained Krzysztof Folta, Tim's president. He did not wish to disclose the market value of the facilities, although their book value is zł.15 million. Meanwhile, after the first eight months of 2004, Tim managed to raise its revenues by nearly 38%, to zł.121.8 million. The company's management board projects that by the end of 2004, Tim's net profit will amount to zł.9 million. (Parkiet, p. 4) A.F.