Toora Poland's shares rise almost 8% on first day of trade

At the beginning of trade, the shares of the producer of car components cost zł.17.25, fell to zł.17 at the close of trade, which was still 7.6% higher than the issue price. During the first day on the bourse some 771,000 shares changed hands. According to Renzo Poli, president of Toora, the company's production in Poland is a bridge to other East European regions. "We have no plans of moving production to other states. Our strategy envisages organic development in Poland," said Poli. After the first three quarters of this year Toora's revenues amounted to zł.143.3 million, 45% of which was generated by exports. The net profit in the same period was zł.12.9 million. (Parkiet, p. 3) A.F.