Polfa Tarchomin creates blacklist of non-paying hospitals

Polfa Tarchomin, which is to become part of the Farmacja Polska holding, may close the year without any profit due to its zł. 26 million overdue receivables for drugs delivered to hospitals. "Some of them ceased to pay us already at the end of last year, which put us in a very tough situation," said Polfa Tarchomin president Andrzej Kleszczewski. The company has created a client blacklist of those who were notorious in not settling their accounts. "We stopped delivering drugs to hospitals unable to pay us," said Kleszczewski. He added that last year about 210 hospitals had failed to pay for pharmaceuticals delivered , but now this number has shot up to to 500. Last year Polfa Tarchomin posted profits of over zł. 6 million on revenues of zł. 307 million. Despite a substantial growth in sales to zł. 340 million, the company is not likely to post a 2003 profit. (Parkiet, p. 4) M.M.