ZPUE records sales success story as profits double

The first six months have been very favorable with the company recording a 37% growth in the sales sector (up to zł.43 million) and doubling its profits. The firm's net profit was nearly zł.1 million. The second half of the year should bring even better results because of fluctuating demand. The company's representatives predict that by the end of the year the revenues will amount to zł.105-110 million, and net profit to zł.3.5-4 million. "This is a very good year for us, an exceptional year," said ZPUE's financial and sales director Ryszard Iwańczyk. The good results are primarily due to the boom on the domestic market. They would be even better if ZPUE managed to increase its export. ZPUE's most important foreign market is Russia where the firm is chiefly interested in working with oil companies. (Parkiet, p. 4) A.F.