Teta's turnover turnaround to be further fuelled by foreign market expansion

Teta, a Wrocław-based management-supporting software producer, has improved its financial standing, ending 2003 with a net profit of zł.2.36 million on an income of zł.28.4 million after failing to achieve any income whatsoever in 2002. Furthermore, Jerzy Krawczyk, the company's president, predicts that 2004 will result in incomes of over zł.31.5 million and a profit of at least zł.4 million. "During the first half of the year, we gained 31 new clients and by the end of the year we hope to gain about 35 more," revealed Krawczyk, whose company is set to enter a number of foreign markets where its products will be sold under their local partners' brand names. "We are talking with six potential partners from Great Britain and Germany. We expect that by the end of the year, our co-operation will be solid," he said. (Puls Biznesu, p. 4) D.W.