WSiP records net profit of zl. 26.4 million in 2002

In 2002 Educational publisher Wydawnictwa Szkolne i Pedagogiczne (WSiP) turned a net profit of zl. 26.4 million. Its revenues from sales increased by 5% to zl. 257.8 million, while its operational profit amounted to zl. 44 million. Hence, WSiP has slightly strengthened its position on the educational books market. "It is true that WSiP has large financial reserves, but this does not mean that we do not have to save. Thanks to our savings we were able to achieve a record profit last year." said WSiP management member Jaroslaw Kusto. At the end of February, WSiP acquired shares in bankrupt wholesaler Wkra. The publisher increased Wkra's capital by zl. 11 million and invested an additional zl. 7 million. (Rzeczpospolita, p. B3) A.Z.