Śrubex's WSE debut will turn the screw on its competitors

"The issue would be carried out at earliest in November. We will place our issue prospectus with the Securities and Stock Exchange Commission within the next two weeks," said the company's president Wojciech Fedko. The capital would also be used on other investments, namely investing in new technology as the concern has not seen any investment for 15 years. This will greatly help boost Śrubex's profitability. Money will will also be spent on helping to consolidate the domestic market for screws. Last year Śrubex's revenues stood at zł.108.8 million, with profits at a mere zł.2.1 million. According to the management board, the company should close the year with revenues of zł.140 million and a profit of zł.11 million. (Parkiet, p. 5) M.M.