Orbis posts good 2005 figures and looks forward to a vibrant 2006

Company President Jean Philippe Savoye says that initial results for 2006 show that this will be an even better year. Sector analysts note that the tourism market is expanding and hotel occupancy rates are increasing. Dorota Puchlew, an analyst with BDM PKO BP believes that Orbis that room to further reduce its costs and increase its profitability. Orbis is pushing ahead with its expansion During 2006-07 it plans to invest zł.60 million in opening new hotels, particularly in the budget sector, while through to 2009 Orbis will invest as much as zł.725 million. Investors reacted calmly to the news and the company's shares closed 2.7% at the close of trade yesterday. (Puls Biznesu p.11) A.L.