Sfinks Polska to expand restuarants through share issue

Sfinks Polska, the owner of 79 Sphinx and 7 Chlopskie Jadlo restaurants, plans to make almost zl.11.8 million profit this year with an income of zl.164.8 million. According to president Piotr Mikolajczyk, this is possible, especially as the first quarter was very good. By December, 14 new Sphinx restaurants are to be opened as well as 4-6 restaurants of the group's recent acquisition, the Chlopskie Jadlo chain. The cost of the investment is estimated at zl.16-17 million, 75% of which will be covered by bank loans. Thanks to the issue of new shares, the chain will be able to open as many as 25 new Sphinx restaurants next year. (Puls Biznesu, p. 14) A.M.