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Cefarm Bialystok longs for privatisation

APA - Austria Presse Agentur
opublikowano: 16-08-2005, 14:53

Warsaw (Puls Biznesu) - Cefarm Bialystok, Poland’s last state-owned medicine gross seller, had PLN 2.6m (EUR 644,800) of net income in the first half of the year. Sales amounted to PLN 105.9m. Franciszek Zimnoch, Cefarm’s head, admitted that the company’s boom has stopped. “The net income was 9 percent lower than in the same period of 2004. Sales fell 2.5 percent.

Warsaw (Puls Biznesu) - Cefarm Bialystok, Poland’s last state-owned medicine gross seller, had PLN 2.6m (EUR 644,800) of net income in the first half of the year. Sales amounted to PLN 105.9m. Franciszek Zimnoch, Cefarm’s head, admitted that the company’s boom has stopped. “The net income was 9 percent lower than in the same period of 2004. Sales fell 2.5 percent. Our competition in the region is getting stronger while we have no possibilities to fight them. We need an investor”, Franciszek Zimnoch said.

It should be easy to find investor for Cefarm which has 48 drugstores in the region. The problem is that the Ministry of Treasure has not decided to privatise the company. The gross seller from Bialystok, eastern Poland, is the last Cefarm to be privatised. Over a year ago, the firm was transformed into stock company. But the Ministry seems to have forgotten its plans. “We are currently preparing documents to choose privatisation advisor”, Agnieszka Dluska from the press room in the ministry said. The ministry said exactly the same in November 2004.

(PLN 1 = EUR 0.248)

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Podpis: APA - Austria Presse Agentur

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