Prochem looking to post fourfold profit increase

Total revenues for the January to September period now exceed zł.100 million. The last four months of the year should be strong too, which may result in full-year sales topping zł.150 - not far from doubling the zł.84 million total for 2003. "We are concluding work on financial forecasts for 2004. We need to collect all the data from our subsidiaries," said Prochem's president Marek Garliński. According to market expectations the firm should post a zł.8-10 million net profit this year, while in 2003 it amounted to a mere zł.1.8 million. "If Prochem is boosting profits, than it means that it is able to use the improving situation in the economy," said BDM PKO BP analyst Bartłomiej Michalski. (Puls Biznesu, p. 12) M.M.