Naftobazy plans major investments and profit increase

In 2005 the firm will post a profit of zł.40.8 million, which is twice as much as those recorded in 2004. "[Next year] will be a year of development. We plan to boost profits to over zł.54 million. By 10% - to zł.233 million - will increase our revenues. And these will be achieved without changing the rates for our services, which have remained at the same level since 2001," said Jerzy Małyska, president of Naftobazy. The anticipated improvement of results will stem to a large extent from the favorable situation in the fuel sector, but also from introducing a new ticket service from the beginning of 2006. "This is a proposal to companies, which have to maintain obligatory reserves. We will do it for them," said Małyska. In 2006 the firm begins a two-year program related to constructing fuel depots with a total capacity of 120,000 cubic meters. (Puls Biznesu, pp. 1, 10) M.M.