Warsaw (Puls Biznesu) – The merger of the two IT companies is approaching.
GSMs of ComputerLand (CL) and Emex to decide about the merger of the two companies will be held on March 15th and 14th. The companies said before that the merged firm may have PLN 100m (EUR 25.7m) of operating income in 2008. Sales will remain nearly unchanged and amount to PLN 1.2 billion.
In the first half of 2006, CL had PLN 14.8m of consolidated net loss and said it would have over PLN 17m of net income in the second half of last year. The forecasts for the second half amounted to PLN 20m. The company will publish its full-year results on February 28th. In the first three quarters of 2006, Emax had PLN 4.2m of consolidated loss against PLN 2.54m of loss a year earlier while sales amounted to PLN 279.42m against PLN 200.59m. The new company will be called ComputerLand.
(PLN 1 = EUR 0.257)