Asseco Poland 2007 net profit could top 115 mln zlotys - CEO

WARSAW (Thomson Financial) - Computer-services company Asseco Poland could raise its net profit above 115 mln zlotys this year after its second-half earnings came in almost five times higher than a year earlier, the company's chief executive said.

'Results of the first half make us confident that exceeding the analysts' forecast of 115 mln zlotys in net profit this year is realistic,' Adam Goral told Thomson Financial News on the sideline of a news conference.

The company's chief financial officer Piotr Jelenski said Asseco, which has gone on a buying spree in eastern Europe in the past quarters, could spend 200 mln zlotys on foreign acquisitions in the second half of 2007.

Asseco is looking at potential targets in the Balkans, Romania and Lithuania, he said. The company could also float three companies from the group, Asseco Business Solutions, Asseco Systems and Asseco Czech Republic on the stock exchange, Jelenski added.

Source: By Piotr Skolimowski, forbes.com