Ruch beats expectations, presses on with investments

Although the 2004 prognosis envisaged posting a net profit of zł.14.5 million, the actual figure, as announced by Maicki, will be between zł.24-25 million. After eleven months of 2004 Ruch's revenues were zł.3.4 billion - 3% more than in the analogous period of 2003. The net profit for that period was zł.24.5 million. According to Maicki, Ruch managed to increase newspaper sales revenues by 4% in 2004, which reached zł.1.48 billion. Revenues from the distribution of other types of products were zł.1.93 billion - 2.2% higher than in 2003. "According to our 2005 financial plans that comprise the costs of privatization and expanding the scope of our promotional activities, Ruch's net profit this year is to reach about zł.22 million and revenues about zł.4 billion," announced Maicki. In December Ruch informed investors that it expects to conduct investments worth zł.430 million in years 2005-2007 and plans to spend zł.50 million this year. (Parkiet, p. 6) D.W.