Prokom's revenues are up, but its profits continue to slump

The company's consolidated loss for the period amounted to zł.4.3 million. During the first three quarters of the previous year its profits were zł.10 million. Prokom group's turnover was zł.320 million for the first nine months of 2004, while in 2003 it was zł.267 million for the year as a whole. The second quarter of 2004 was unfavorable for the group and the following three months only confirmed the previous tendencies. On Wednesday Prokom's share price was zł.127, while in mid September it was closer to zł.180. According to analysts, it is unlikely that the next few months will bring any changes. Although the consolidated sales were higher by about 16% than the year before it is the effect of the expansion of the group. The company claims that its poor results are due to delays in conducting large contracts with PZU, Poczta Polska and TP SA. (Parkiet, p. 5) A.F.