Prokom expects bumper profits despite problems with TF

This year promises to be a very profitable one for Gdynia based leading system integrator, Prokom, as its net profits could exceed zl. 100 million. Analysts forecast that in the second quarter, Prokom's net profit will be zl. 45 million with revenues of zl. 200 million. "If we are able to negotiate new contracts and to sign a third arrangement with the Social Insurance Company (ZUS), our quarterly results should be close to analysts' expectations," commented Ryszard Krauze, Prokom's chairman. The company has received orders amounting to zl. 400 million for 2002, but it hopes that next year will be even better. "I hope that the value of new contracts for 2003 will amount to zl. 550 million," said Krauze. Prokom is presently very active in takeovers and capital investments. The company is currently negotiating the takeovers of two companies, Geografic Information Systems (GIS) and the Comp group. Enterprise Investors is supporting Procom on these initiatives. Meanwhile, Telewizja Familijna (TF) on Monday filed a bankruptcy claim on one of Prokom's companies, Prokom Investment. TF claims that the company has not paid a court ordered amount of zl. 28.5 million for TF's securities, for which it subscribed in 2001. (Puls Biznesu, p. 6; Rzeczpospolita, p. B3) M.T.