Rafako puts its revenues into turbo mode thanks to contract with Boxberg

For providing Boxberg with a new boiler system Rafako may earn as much as EUR60 million. "Our subsidiary, Elwo, is also likely to win the tender to implement other systems in the plant, which can provide us with an additional EUR20 million," said Mariusz Ró¿acki, Rafako's president. The construction of the power block will be  Rafako's first contract, in which the company is a consortium partner and not a subcontractor. According to Ró¿acki, the contract should be signed within 30 days. At the end of H1 the sales revenues of the Rafako capital group amounted to zl.256 million and its net profit to zl.3.24 million, as compared to, zl.175 million and a zl.2.5 million loss in 2004. (Parkiet, Oct. 8-9, p. 3) A.F.