Spray expects to post bumper profit and launch zł.22 million expansion plan

Spray offers a complete so-called triple play service, i.e. phone, cable TV and internet access. With almost 6,700 subscribers signed up, Spray is not a competition to the major players in the telecom sector, but its management strongly believe in its expansion and want to invest in enlarging the network. In 2003 Spray posted an income of zł.4 million and a net profit of zł.260.000 with an EBIDTA of nearly zł.700,000. This year's projections are even more optimistic: income at over zł.5.3 million and a zł.450,000 profit. "The management has devised a three-year investment plan requiring an investment of zł.22 million. In 2007 we plan to achieve an income of zł.39 million and zł.17 million EBIDTA," said Bogdan Paszkowski, the operator's president. (Puls Biznesu, p. 9) D.W.