Rafako's shares rise now that its sales gather steam

Works will begin later this month and should be completed by December 2007. This is the second large contract Rafako has recently signed. In March, the company closed a EUR7.4 million worth annex to a contract with the Belchatow power plant, which expanded the scope of works on the construction of a similar desulphering system. The value of this contract now amounts to almost zl.290 million. Several days earlier Rafako signed a contract with Dutch NEM for the transport and assembly of boilers for the utilization of waste, thanks to which the total value of the contracts Rafako signed with NEM now amounts to EUR5 million. Rafako needs such large contracts, as 2004 was not a particularly good year for the company. Its sales revenues fell by zł.155 million to zl.388.9 million and its profit decreased by 60% to just zl.2.26 million. The market reacted positively to the news of new contract and Rafako's shares grew by 4.5% to zl.11.6 at the close of Thursday's trade. (Puls Biznesu, p. 15) E.B.