Techmex, which has recently signed agreement with the Agency for Agriculture Development and Modernization (ARiMR) worth PLN 16m (EUR 4.2m), is soon going to announce new contracts soon.
“Several projects has already been agreed on, we will soon announce it but final contracts may be signed in two weeks or two months”, Jacek Studencki, Techmex CEO said.
In the first quarter, the group had PLN 1.6m of net loss but the management confirms plans of PLN 12-13m of income this year, or double the result reached in 2006.
Institutional investors are more and more interested in the company. Although Millennium TFI sold some shares, Pioneer Pekao IM and ING TFI said they increased their stakes. The stock keeps growing. On Friday, it was adding even 8.3 percent during the day and cost PLN 44.
(PLN 1 = EUR 0.264)