Sfinks begins to develops an appetite for profit

Its profits were 40% higher than a year ago and amounted to zl.2.8 million. The company's deputy president Michal Seider declared that he expects subsequent quarters to witness profits growing faster than sales. According to its strategy for 2007-2011, the company wants to increase the number of its restaurants from 100 to 320. It will also introduce two new brands of restaurants. "By the end of Q2 2007, there should be some results from our talks regarding the take over of a restaurant network in Germany," revealed the company's president Grzegorz Dabrowski. Sfinks will also open its first restaurants in the Czech Republic and Hungary this year. (Puls Biznesu, p. 14) E.B.