WSE's bumper 2005 profit could be a mixed blessing

In 2004 WSE's net profit amounted to zł.23.2 million. Rozłucki said that this year the result could total zł.46 million, even though some time ago the management board projected the figure, "Would scarcely exceed zł.20 million". The good result follows increased trade on the bourse, which this year broke many records. The WSE will not pay out a dividend, and indeed this is not anticipated in the firm's statute. According to Parkiet, this strengthens its possibility of cooperating with one of the European bourses. But in order for such a scenario to come to fruition, the Warsaw bourse would have to be privatized first. "I'm afraid that the privatization question might  become a subject for purely political discussion," said Władysław Rozłucki. (Parkiet, p. 2) A.F.