Spin and Asseco prove a mixed blessing for Prokom

While Asseco's revenues during this period doubled to zl.78 million and its profit increased by 50%, Spin incurred a loss of zl.350,000 despite a 10% increase in sales. The management of Asseco declare that the results are in accordance with projections and that the company is developing steadily. Spin's directors declare that despite the current loss they expect a good result for the year as a whole since the company traditionally signs more contracts in H2. However, according to analysts there is a significant difference between the two companies. "Asseco's results are very good," comments Wlodzimierz Giller from DB Securities. He explains that Spin used to rely on the orders from Telekomunikacja Polska which are scarce now. The new strategy which assumed focusing on the health service market did not work out and the company will have to look for new clients which will not be easy. (Puls Biznesu, p. 11) E.B.