Wilbo shares continue to fall

Fish processing company Wilbo has recently recorded a systematic drop in the value of its shares. The disposing parties were mostly financial institutions, which were not pleased with the company's results as Wilbo recorded a net loss of over zl. 5 million instead of the minor profit it had planned. "Investment funds are disposing of their stakes, as they plan to wait for improved results," claimed Rzeczpospolita sources. The funds were not hiding their discontent with the results of the company after the second quarter of 2002 and managed to introduce their own representative to Wilbo's supervisory board in January this year. According to Marzena Chrostowska from Wilbo, there were no significant events in the company that would require comment. According to the management, the negative result was mostly due to higher sales costs and hence they do not plan any expenditures on promotions in 2003. (Rzeczpospolita, p. B5) M.M.