Profi's turnover rockets by 30% as debut on WSE draws close

Grabów-based paté producer Profi, which has a 30% share of the national market, plans to float 40% of its shares on the Warsaw Stock Exchange. Over the first four months of 2004, the firm managed to boost turnover by 30%, while export rose by 100%, which is good news as its debut on the bourse approaches. "We plan to enter the WSE in October," said Robert Barczyk, president of Profi. Capital from the floatation would be used to finance accelerated growth, "Both in quantity and quality terms," said Barczyk. However, the current owners intend to keep a 60% stake in the company. (Puls Biznesu, p. 8) M.M.