Trzebinia targets record profits for 2003

The Trzebinia-based refinery has announced plans to record profits of zł. 70 million this year, leaving its closest competitors way behind. The lubricants and oil producer located in the south of the country, and controlled by the Orlen capital group, showed almost zł. 41 million in net profit in the first six months of 2003, that is zł. 16 million more than in the same period last year. The company's results are impressive as compared to other refineries in the area. Glimar recorded a net loss of zł. 33 million, and Czechowice of zł. 17 million, in the same period, while only Jedlicze managed to obtain a small profit of zł. 2 million. Grzegorz Ślak, president of Trzebinia announced that the positive financial standing was a result of significant changes in the company. "We got rid of companies, which had not made any profits and had no strategic meaning within the company's further development. We also reduced wage costs," he said in a statement. (Puls Biznesu, p. 7) A.K.