Partly successful results for JC Auto
In 2004, the company's revenue came to zł.134.5 million and net profit was zł.11 million, 10 percent more than the previous year.
However, according to Jerzy Grabowiecki, the president of JC Auto's management board: "It wasn't as high as we expected." He blamed the fall of foreign currencies in relation to the złoty in the last quarter of 2004 for the limited net profit.
JC Auto plans to increase its income in 2005 by a similar percentage as last year, to zł.181 million, and net profit to over zł.14 million.
It also wants to further develop its assortment of parts for European cars, which generated six percent of its income in 2004.
However, according to Jerzy Grabowiecki, the president of JC Auto's management board: "It wasn't as high as we expected." He blamed the fall of foreign currencies in relation to the złoty in the last quarter of 2004 for the limited net profit.
JC Auto plans to increase its income in 2005 by a similar percentage as last year, to zł.181 million, and net profit to over zł.14 million.
It also wants to further develop its assortment of parts for European cars, which generated six percent of its income in 2004.
