Pol-Aqua halts plans to go public

Due to EU subsidies, this market segment is becoming very attractive - by 2014 infrastructure investments are expected to total EUR35billion. Last year Pol-Aqua posted a net profit of zl.16.4million (compared to zl.6.13million in 2004) at a revenue of zl.132million (27% increase compared to 2004). The board hopes to double the company's revenues and profits this year and plans to go public within a year. The press release stated that Prokom and Pol-Aqua will co-operate mainly in the Polish and foreign energy sector, which could lead to oil extraction in Kazakhstan, as previously mentioned by Roman Krauze, the president of Prokom. (Puls Biznesu, p.13) J.L.