Optimus breaks into the black as new share issue looms

Nowy Sącz-based computer producer Optimus, which closed the last four years deeply in the red, has posted a zł. 3.2 million net profit for the second q uarter. The company is continuing its restructuring and recently closed down Optimus Holding. Optimus managed to increase its profit margin to 14% and l imit sales and administration costs by 25.5% and 67.8% respectively. "At pr esent we are probably the only domestic producer which has cash at our disp osal, and unlike some other companies were are not surviving solely due to bank loans," said company president Andrzej Widerszpil. Recently, the firm disposed of cash register producer Optimus IC and Optimus Real Estate. The company intends to issue shares as soon as possible, probably in September, and collect about zł. 8 million from the floor, which would be used to cover current liabilities and increase working capital. Thanks to these moves it should increase working capital to about zł. 47 million. (Rzeczpospolita, p. B3) M.M.