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Tile maker unaided by construction boom

"For the time being we are calculating sales results for September, but it seems like the forecasts will have to be decreased," said Witold Pandel, the company's financial director. In early 2006, the company forecast profit growth of around 14%, estimated at a total zl.18.3 million. However, after a H1 result of zl.5 million, the company is unlikely to achieve its target. For now it remains unknown how significant the downward revision will be, but the final calculations will be published by the end of October. The main reason for the company's poor showing is the situation in the domestic market - despite the construction sector boom in Poland. "Regretfully exports are not sufficient to offset unfavorable trends," admitted Pandel. (Puls Biznesu,p.12) M.M.

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