Naftobazy's profits fuelled by rising sales and restructuring

This is a result almost twice as good as that of last year, when the profit amounted to zł.12.8 million. Over H1 revenues grew from zł.91.5 million to zł.104.3 million. "The beneficial situation in the sector have brought us new clients. The current ones, such as Lotos, have increased their orders," said Jerzy Małyska, the president of the state controlled company. Another reason behind the good results is the well implemented reorganization. "Restructuring has brought its effects. Last year we closed four out of 22 fuel depots. By the end of the year we plan to close another two which are not bringing expected results," adds Małyska. Employment has been rationalized from 1,359 in 2003 to the current 850, and will be further cut to 755. "This will conclude our restructuring plan," said Małyska. (Puls Biznesu, pp. 1, 5) A.K.