Polmos Lublin announce figures ahead of IPO

In comparison to 2003, sales increased by 11% while the net result was boosted by 94%. "This is a result of taking over the distribution of the products in April, which earlier was outsourced to Ambra, purchase of the remaining 40% of shares of Żołądkowa Gorzka, increase in prices and a fall in operation costs by zł.3.7 million," explained Waldemar Wasiluk, board member at Polmos Lublin. Company representatives expect a 2005 net profit of zł.18 million thanks to a planned rise in exports to Germany and the U.S. Subscription for Polmos Lublin shares for individual investors will begin on February 1 and will last until February 4. The price will be revealed on February 7. (Parkiet, p. 7) A.K.