Mitex optimistic

Alan Heath
23-05-2001, 00:00

Mitex optimistic

Kielce based Mitex is one of very few companies which have not felt the downturn in the market. The value of contracts signed so far this year has already reached that planned for the whole of 2001 at PLN700m. Profits of PLN28m are forecast. This would be PLN10m less than last year. Last year was particularly good thanks to dividends received from subsidiaries. This years forecast is based on planned profitability from already signed contracts. Mitex signed a contract in March with the Lodz heating plant worth PLN56.7m to modernise two boilers. The company is now planning expansion in this sector and hopes to bid in a number of tenders.

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