Vistula looking sharp after reporting neat profits

This unexpectedly good result was achieved mainly by single financial events like the sale of assets and restructuring of the debts, however, company president Michał Wójcik hopes to repeat the success next year by opening new retail outlets. Vistula presently has 38 shops, but plans to open a new one each month. At this rate by the end of the year it should have as many as 50 outlets. Wójcik says the move is vital: "One's own chain allows for higher margins." The company also plans to move its production to China. Two years ago Vistula ended with a zł.5.7 million loss with revenues of zł.110 million.(Puls Biznesu p.11, Parkiet p.5) M.G.