TP posts low Q3 revenues and sales, but profits rocket

The data shows that TP's plan to maintain revenues at last year's level will be difficult to achieve. Consolidated sales revenues amounted to zł.13.6 billion after three quarters of 2005, which means that the company would have to record another zł.5 billion in Q4 in order to reach the target. However in Q3, sales fell by 1.5% as compared to the same period a year earlier, and amounted to zł.4.614 billion. Despite the fact that market analysts are almost sure TP will not be able to reach the sales target, they have not scared away stock exchange investors, who put a lot of hope in the company's growing profits. After Q3 TP generated a net profit of zł.1.043 billion, which is an increase of 46% as compared to three quarters of 2004 when TP posted a net profit of zł.714 million. (Puls Biznesu, pp. 1, 7) A.K.