Softbank aims for improved results through new orders

Softbank expects an improved result in 2003, and wishes to concentrate on more profitable contracts. Last year's devastating financial results are hoped to be the last piece of bad news from one of the country's biggest IT integrators though, according to analysts, changes in ownership will have to take place before these projections can come to fruition. In 2002 the group recorded an operational loss of zl. 23.3 million on revenues of zl. 350 million - 20% lower than in 2001. In this respect 2003 is to be much better. According to vice president Jerzy Jelenski, Softbank plans a consolidated net and operational profit. Jelenski also declared a cost-cutting program and a strategy aimed at increasing sales, but gave no details. The company's order portfolio for this year stands at zl. 140 million, which makes it the most impressive in company's history. (Puls Biznesu, p. 6) A.C.