Toora's 2005 results shows it is on the right road to success

In 2005 the revenues from sales, in accordance with forecasts stood at zł.208 million, which means a growth of 45% as compared to the previous year. The net profit amounted to zł.19 million, as compared to zł.15 million in 2004. Although the company's representatives declared that Toora will not be paying out dividends for the next two years, the company's share price grew by 1% after the announcement of the results. Renzo Poli, the president of the Toora group, has ambitious plans for the future, as he expects to spend zł.110 million on investments in 2006 and 2007. "We want to increase our production capacity," said Renzo Poli. This year's projections envisage sales of zł.280-290 million. Company representatives ensured that the sales margin will not increase despite the fact that aluminum prices are currently at a 17 year high. (Puls Biznesu, p. 11) A.K.