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Zetkama valves producer increases income and share price

APA - Austria Presse Agentur
opublikowano: 05-08-2005, 15:50

Warsaw (Puls Biznesu) – Zetkama, one of the biggest valves producers in Central Europe, had PLN 2.93m (EUR 717,800) of net income in the first half of the year, or 18.6 percent more than a year ago. Its sales amounted to PLN 40.49m, 10.9 percent more than in 2004. “We may exceed this year’s forecast of PLN 78m of sales and PLN 5.

Warsaw (Puls Biznesu) – Zetkama, one of the biggest valves producers in Central Europe, had PLN 2.93m (EUR 717,800) of net income in the first half of the year, or 18.6 percent more than a year ago. Its sales amounted to PLN 40.49m, 10.9 percent more than in 2004. “We may exceed this year’s forecast of PLN 78m of sales and PLN 5.7m of net income”, Leszek Jurasz, Zetkama CEO said.

Zetkama started cooperation in Syria and South Korean this year. “Our representatives have visited 20 countries recently and it will for sure be reflected in new contracts”, the CEO said. Zetkama has by 50 percent its sales in the country. Exports to Central and Eastern Europe grew by over PLN 1m to PLN 4m. Good results were prised by investors. Shares jumped 8.4 percent while WIG rose 0.2 percent yesterday.

(PLN 1 = EUR 0.245)

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Podpis: APA - Austria Presse Agentur