Procad has big plans for bourse debut

The company's board hopes that a debut on the bourse will allow it to increase the scale of its activities and take over several other companies in the sector. "The aim of the public issue is to develop the company's own products based on the design software of American Autodesk, which we distribute," said board president Jaroslaw Jarzynski. "We also want to increase our presence in cities across Poland by establishing new outlets." Last year Procad generated revenues of zl.14.7 million and a net profit of zl.0.43 million. It recorded a 50% growth of sales and a net profit increase of 233% compared to 2004. "This year we expect a 60% increase of sales and a doubled net profit," said Jarzynski."There is a huge demand for our products on the market." Procad hopes to carry out its new share issue this year. (Puls Biznesu, p. 13) E.B.