Wittchen posts profits despite income drop caused by major glove theft

"In September 2003, 45,000 gloves were stolen. This was a large shock for the company as the goods were contracted and budgeted. Luckily in January 2004, we managed to recover some of the stolen stock and the turnover was larger than anticipated," said Monika Mirecka, the company's sales and marketing director. The company plans to post zł.3 million profits for 2004 and see a 10% increase in revenues. The firm will also gradually expand its network of stores to between 20 to 25 outlets. "We plan to expand exports to the Western European markets," Mirecka revealed. (Puls Biznesu, p. 9) M.M.