Techmex's switch from hardware to software pays off

This would mark a further improvement in the company's financial results, as 2003 saw a fivefold increase in its profits despite a 30% drop in sales. This was because the company left the unprofitable sector of hardware sales in favor of profitable services. Techmex sees its future as providing IT technology for large companies, which are now outsourcing various services, and the development of geographic information services (GIS). The planned sale of three million shares should net zł.85-110 million and will be spent mainly on the development of a Regional Centre for Satellite Operations, which is to help Techmex to become a leader on the national market of GIS technology. (Puls Biznesu, pp. 1, 10; Parkiet, p. 4) E.B.