Only one third of companies doing better than a year ago, show Q3 results

In general the statistics show that the largest enterprises pulled up the results, while smaller companies were affected by the strong złoty, high prices of production materials and limited internal demand. Sales revenues of companies, excluding banks, which have so far published Q3 data, improved by 7.4% in relation to last year. All of these companies posted a Q3 operating profit of zł.2.23 billion, which is one third more than in 2004. The second half of the year was to bring about a clear acceleration of economic growth, which would be stimulated by internal demand. This in turn would at least to some degree compensate for the dropping profitability of exports, but economic improvement in relation to the first half of the year is still quite limited. (Parkiet, p. 1) M.M.