PZU announces 2000 revenues of zl.537.5 million

Insurance company PZU has announced that revenues last year were zl.537.5 million. The figure was published at a general shareholders meeting yesterday, which approved the company's financial statement for 2000. The figures had been confirmed through an external audit, opening the way for the further privatization of PZU, since the acceptance of the audited results will allow the valuation of the company that is necessary before it can be launched on the stock exchange. The prospectus will be prepared by the end of September. Despite approving the management board's financial report, the shareholders meeting declined to give a vote of confidence to PZU president Grzegorz Wieczerzak and management board member, Wladyslaw Jamrozy. (Prawo i Gospodarka, p. 8) K.K.