Prochem expects its revenues and profits to continue to rise

Warsaw-based engineering company Prochem announced its plans to boost revenues and profit in 2004, as well as to continue paying out dividends over the coming years. "Our increasing value of orders allows us to make such assumptions...I believe that our revenues will exceed zł.100 million at the non-consolidated level," said Prochem president Marek Garliński. The company has already secured contracts worth zł.150 million for 2004 and 2005 from among others Grupa Lotos and PKN Orlen. The company will also continue its policy of, "Buying back our stock on the bourse, if we decide that they are strongly undervalued," said Garliński. The firm will try to boost the share of exports among its total sales, which currently account for 10% of revenues. (Parkiet, p. 4) M.M.