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Alma Market retailer increases income and forecasts

APA - Austria Presse Agentur
opublikowano: 31-08-2005, 15:22

Warsaw (Puls Biznesu) – Alma Market, the company building retail shops network, raised its forecasts. Alma Market will have PLN 7m (EUR 1.7m) of net income and not PLN 4.5m planned before. Investors welcomed the news -–yesterday shares were adding even 9 percent.

Warsaw (Puls Biznesu) – Alma Market, the company building retail shops network, raised its forecasts. Alma Market will have PLN 7m (EUR 1.7m) of net income and not PLN 4.5m planned before. Investors welcomed the news -–yesterday shares were adding even 9 percent. “Higher forecast is the effect of selling intangible assets in Debica”, Grzegorcz Pilch, deputy CEO and one of main shareholders in Alma Market explained. The transaction will give Alma PLN 11m.

“In fact, we expect higher income but on the other hand, the first half of the year was not very good in our subsidiary Krakchemia, which may not be made up in the other six months”, Grzegorz Pilch said. Krakchemia sells chemical products and will probably be sold when its financial results improve. The Alma Market group had PLN 325,000 of net loss in the second quarter and just over PLN 1m in the first half of the year. Grzegorz Pilch, however, assured that the forecast will be met.

Alma Market manages five supermarkets. Till 2007, the network is to grow to 12 shops.

(PLN 1 = EUR 0.247)

 Poland/Enterprises/Retailers

 

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Podpis: APA - Austria Presse Agentur

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