Teta enjoys a successful bourse debut and rising revenues

The price of shares issued in the mid-November public offer and the price of rights to shares from the new issue increased by around 20% and amounted to zł.12.20 and zł.12.30 respectively at the opening. "It's a good price," commented Teta's president Jerzy Krawczyk and added that he hoped that the price would rise to zł.14. The company collected around zł.5 million from the floor and plans to invest the capital in placing a new product - modern software supporting company management - on the market. Teta's forecast for this year envisages a profit increase of 29.4% to zł.4.4 million and sales growth by 7% to zł.35.6 million. "We will definitely fulfill this forecast and we will know within two or three weeks whether we will manage to earn more," stated Krawczyk. He also declared that thanks to the new product, which will be launched in mid 2006, the company's sales would grow by 15-20%. "I believe that we will manage to maintain the current profit growth rate of around 30% next year," stated Krawczyk. (Puls Biznesu, pp. 1, 12; Parkiet, p. 4) E.B.