Shocking Q2 results for Computerland

The company managed to keep its revenues on a level similar to last year, zł. 119.9 million, but its net profit amounted to a mere zł. 513,000. This means that its net result dropped by 93% in comparison to the same period of 2002. The operating profit dropped by 45% to zł. 4.5 million in Q2, while net profit decreased by 75% to zł. 2.7 million. "We were surprised by the level of sales as we were expecting smaller numbers. However, this means that the company is trying to save its revenues by low profit activities including selling hardware," said BDM PKO BP analyst Michał Janik. The consolidated company report will be published on August 14 and analysts expect that Computerland will post a loss. The main problem of the firm is the lack of revenues from large contracts, which so far this year have been dominated by the Prokom group. (Puls Biznesu, pp. 1, 5) M.M.