Szeptel begins to enjoy the good times and increased sales

Telecommunication company Szeptel posted a profit from sales in the second quarter of 2004, which was the result of growing revenues. "At some level of revenues our basic activity becomes profitable. We limited costs earlier and started restructuring our debts and so our sales are now growing each quarter," said Mariusz Pilewski, Szeptel president. He added that there was no threat of missing the company’s forecast of a zł.4 million net profit on revenues of zł.29 million. The improving results are the effects of carrying out the company's strategy of making better use of its infrastructure and widening its offer by providing value added services. Szeptel expects to sign contracts with PTC and Centertel to provide them with multimedia services and broadband Internet. (Parkiet, p. 4)M.M.