Profits posting fuels minority stake floatation for heat supplier Enea

Heat provider Enea, which was formed from the merger of five companies in January 2003, managed to increase its net profit in the first six months of this year by 9.4%, to zł.65 million. The group's total revenues, in comparison with the same period 2003, grew by 7.5%, amounting to zł.2.18 billion. Last year Enea's sales revenues were zł.4.09 billion and the net profit was zł.37 million. According to the Treasury Ministry a minority stake in the group is to be floated on the bourse, most probably at the beginning of next year. MSP has already chosen a consortium of HSBC Investment Services, PPP Poland and BZ WBK Brokerage House to advise on the group's privatization. (Parkiet, p. 4) A.F.