Polmos Lublin plans to go public this year

The issue is being prepared in cooperation with CA IB Securities. The firm wants to offer stocks to retail as well as institutional investors. Polmos Lublin's revenues have been increasing systematically. In 2003 they amounted to nearly zł.305 million, which was almost 32% up on 2002. The company's net profit last year was zł.6.6 million, which also was up 34% on the year before. During the first six months of 2004, sales revenues exceeded zł.157.6 million and net profit was zł.4.8 million. It is uncertain how much capital the company expects to raise from the issue. According to Parkiet, it is probably looking for around zł.100 million to purchase new machinery and increase production. (Parkiet, p. 4) A.F.