NG2 continues to walk into ever growing profits
In 2009, the company is hoping to achieve a turnover of zł.1 billion with similar net profitability of roughly 15 percent, which would translate into a profit of about zł.150 million.
According to Dariusz Miłek, president of NG2, revenues per square meter are lower than anticipated, standing at zł.575 in CCC stores, but this figure should grow by at least 10 percent annually. "Products we offer are at the mid - and low-price level and they will sell well in times of a potential bear market," said Dariusz Miłek.
In his opinion, the anticipated economic slowdown will improve the company's negotiating power in terms of renting commercial space.
Sources: Parkiet, Puls Biznesu (M.M.)
According to Dariusz Miłek, president of NG2, revenues per square meter are lower than anticipated, standing at zł.575 in CCC stores, but this figure should grow by at least 10 percent annually. "Products we offer are at the mid - and low-price level and they will sell well in times of a potential bear market," said Dariusz Miłek.
In his opinion, the anticipated economic slowdown will improve the company's negotiating power in terms of renting commercial space.
Sources: Parkiet, Puls Biznesu (M.M.)
