PGF consolidated revenues higher than expected in 2003

PGF planned to show a net profit of 1% of revenues, a prognosis which was not adjusted, thus profits amount to around zł. 35 million. In 2002 the group earned zł. 24.5 million in net profits. The fourth quarter of last year was exceptionally good when revenues stood at almost zł. 1 billion, which was the highest in the company's history. This was partially caused by issuing a new list of refunded drugs in December, which led to an increase in demand for pharmaceuticals. Good financial results raise expectations that part of the profits will be set aside for the shareholders. "PGF would like to pay out dividends regularly," said Grzegorz Dróżdż, the company's spokesperson. In 2002 the dividends amounted to zł. 1 per share. (Parkiet, p. 3) A.K.