Slow lane for Inter Cars

The company posted a net profit of zł.3.1 million (compared to zł.2.6 million in Q3 of 2003). These results, however, are not so impressive in comparision with Inter Cars' Q2 results, when its revenues were zł.163.9 million and the net profit was zł.6.3 million. "To a certain extent the slump in net profit was caused by spending a large sum on our IT network connected with launching our subsidiary in the Czech Republic," said Inter Cars management advisor, Piotr Kraska. The company is currently extending its car distribution network in Poland, although less actively than in previous quarters.