Wilbo ready to present new strategy

At the end of October fish processing plant Wilbo will present its new strategy, which will among others regulate the issue of dividends. "Our profits produced over the July-September period will be substantially higher from what the company made last quarter," announced Jerzy Kuncicki, president of Wilbo. The second quarter is usually the worst for the company and this year it has hardly finished it in the black. According to Kuncicki, Wilbo should end 2003 with profits amounting to a few million złotys. Last year the enterprise incurred a loss close to zł. 1 million. "The new strategy will help in adjusting to rapidly changing conditions on the market and EU environment," explained Kuncicki. The company is currently preparing a new venture based on the existing Szkuner company, in which Wilbo will take over a 51% stake. Kuncicki assured that this would be finished by the end of 2003. (Puls Biznesu, p. 11) M.M.