Premium has high hopes following its IPO

"We will issue 2 million shares at a par value of zl.15-20 per piece. We will only sell new equity," said Michal Nawrot, deputy president of Premium. Proceeds from the floatation will be designated for expanding the product offer and acquisitions, but Nawrot refused to reveal any further details. By the end of the year the company is planning to conclude formalities related to the IPO: conclude internal transformations and gain acceptance of its issue prospectus from the Securities and Stock Exchange Commission (KPWiG). "We would like the floatation to be carried out at the end of the year or at the beginning of 2007, but no later than in Q1," said Nawrot. In 2005 the firm posted a net profit of zl.600,000 on revenues of zl.17 million, while this year the earnings should go up by 50%. If the IPO is successful, revenues should go up by 180%, while net profits by as much as 250%. (Puls Biznesu, p. 10) M.M.