Teta's IPO

Teta is a medium-sized IT company specializing in the production of Enterprise Resource Planning (ERP) systems and human-resource (HR) solutions for firms. The company is the leader in the HR market and the largest ERP systems provider for medium-sized companies. Teta estimates that in order to implement its investment plans over the next few quarters it needs slightly over zł.10 million. The firm's rapid development is visible in its financial results. Its projected 2005 net profit is zł.4.4 million, on turnover of zł.35.6 million. Teta plans to increase its sales to zł.42 million in 2006, and net profit to zł.6.2 million. (Poland A.M.)