Poczta Polska prepares long-term plans amid good results

Poczta Polska, (PP) generated zl. 1.5 billion revenues in the first quarter of 2002, PP's director Leszek Kwiatek told journalists during a press conference yesterday. Revenues had increased by 6% as compared to the same period last year, while the net profit of zl. 90 million for the first three months of 2002 was higher than for the whole of 2001, which brought a profit of only zl. 4 million. Kwiatek announced that a long-term strategy for the entire Poczta Polska group (comprised of, among others, Pocztowy bank and Pocztylion) will be presented to the government in the autumn. He added that next year PP will try to stop the downward tendency in the volume of services provided, and to increase the productive capacity of the 100,000 strong staff. Although he plans a 4% increase in salaries for employees, the money would be paid only in the form of motivation bonuses. (Prawo i Gospodarka, p. 4) K.S.