North Coast raises zl.60 million from WSE debut

"This is the first IPO in 2006. If NC will as eagerly carry out its announced development strategy, the value of the company should continuously increase," said independent analyst Wojciech Szymon Kowalski. "Our bourse debut is highlighting our hitherto activities and at the same it is the beginning of the road for us as a stock-listed company and significant investments," declared company president Silvano Fiocco. North Coast raised more than zl.60 million from the floor, which will be spent on constructing five warehouses in the largest cities and creating a network of delicatessen and corner stores with Italian food. As a result, revenues are projected to grow from zl.73.4 million in 2005 to zl.145 million in 2008, while profits from zl.8.2 million to zl.18 million. (Puls Biznesu, pp. 1,14) M.M.