Ciech notes losses

Alan Heath
opublikowano: 01-03-2002, 00:00

Management of chemical concern Ciech is at a loss to explain its financial situation. It is said that losses for 2001 could be as much as PLN25m. What makes this all the worse is that in the first three quarters of last year the company reported a profit of PLN10.7m. The losses may be put down to dealings with the stockbrokers Sur5. net. Losses caused by business with this firm may have been one of the major reasons why creating a reserve of over PLN17m was necessary.

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