Prokom annual results slightly better than expected

Systems integrator Prokom Software on Tuesday showed a slightly stronger tha n expected group net profit for 2002 Q4 and forecast that its 2003 earnings will reach at least last year's levels. Prokom earned zl. 33 million over th e October-December period, just above analysts' projections of zl. 29 millio n but down 44% year-on-year, bringing its full-year figure to zl. 60 million . Prokom's Q4 sales were zl. 458 million against a forecast zl. 367 million. Operating profit was zl. 45 million. CEO Ryszard Krauze told a news conferen ce the company had no plans to pay a dividend, in line with policy from prev ious years, and would earmark all the funds for its future expansion. (Puls Biznesu, p. 4; Reuters) J.K.