Prokom expected to announce much better QI results

They expect the group to have net earnings of zł.7.3-14.2 million (average zł.11.56 million). In the same period in 2005, profits were only zł.4.1 million. Revenues, according to specialists estimates, will be zł.280-409.6 million (average zł.351.7 million). Last year, revenues were at the level of zł.279.3 million. If forecasts are correct, Prokom's net profit in QI will be 180% higher than the year before, and income will be 26% higher. The improvement in results is due to the restructurization that the company is going through. For the last year, the company has been implementing a cost reduction program which is supposed to translate into higher margins. A clear expression of these efforts came in the form of last years results. On Saturday morning the company published its audited results for 2005 in which net profit was zł.80.3 million up 93% on 2004. (Parkiet 8 May, p.4) S.D.