PSE results improve on the strength of export growth

According to PSE president Stanisław Dobrzański, the main reason for such good financial results is a 35% growth in exports of power. The exports have compensated for the fall in domestic sales, which slumped to 55.6 TWh as against 59.3 TWh in 2002. PSE posted net profit of almost zł. 11 million in the previous year, while in 2001 it incurred losses of over zł. 500 million. "According to our estimates, this year's energy exports will be record high and will amount to 12 TWh," Dobrzański said. He emphasized that rising exports were due to the use of the sea-bottom power transmission line linking the country to Sweden. (Puls Biznesu, p. 7) A.K.