Top 5 winners

CENSTALGD Gdańsk-Kokoszki based Centrostal is one of the Pomorskie voivodship's biggest distributors of metal materials, mainly for construction firms operating in the west of the region. The firm's activity also includes construction and aluminum components. In Q4 2005, Centrostal's sales revenues decreased from zł.128.3 million in 2004 y-o-y to zł.118.1 million this year. Moreover, the company recorded a net loss of zł.875,000, while in 2004 it posted net profit of zł.726,000.

ELEKTRIM Warsaw-based Elektrim is one of Poland's biggest conglomerates, which focuses on the telecommunications, electrical power engineering, and electro-machinery sectors. In 2001 the company acquired web portal Poland.com from MCI Maganement (MCI). In the electrical power engineering sector the group constructs and renovates power plants and energy boilers through its subsidiaries Elektrim-Energetyka, Megadex and Rafako. Elektrim Kable is a major producer of wires and conduits - an important branch in the electro-machinery sector. The group consists of over 140 firms operating in various sectors.

INSTALKRK Instal Kraków specializes in construction and assembly of installations in industrial, municipal and healthcare facilities. The company's offer is targeted at chemical, food, metallurgical and mining industries. Poland is the company's main market and Germany is Instal Kraków's most important foreign market. The company was created in 1950 and debuted on the Warsaw Stock Exchange in 1998.

WILBO Władysławowo-based Wilbo's main activities are fish processing and the production of canned fish, canned meat and pies. Some 95 percent of its sales are generated within the domestic market. Two main shareholders are private investors Dariusz Bobinski and Waldemar Wilandt. The company's Q4 2005 sales revenues reached zł.177 million, decreasing by some 12.5 percent y-o-y. The company's net losses increased sharply, dropping from a zł.1.2 million loss in 2004 to more than zł.10 million in 2005.

GANT The Legnica-based firm owns a chain of foreign-exchange counters in the major cities of southwestern Poland. The enterprise also started operations as a developer in 1999. Its main shareholder is private investor Grzegorz Antkowiak. The firm's Q4 2005 sales revenues were almost as good as the same period in 2004, and reached zł.1.2 billion.

Bottom 5 losers

FORTISPL Fortis Bank is a nationwide medium-sized bank whose key customers are small and medium enterprises. The bank's main operating area is southern Poland. Fortis' main shareholder is Fortis Bank NV. Q4 2005 sales revenues increased from 2004's zł.270 million to zł.301 million. Net profit for Q4 2005 reached zł.101 million, rising from 2004's zł.74 million.

TORFARM Toruń-based Torfarm Group is one of the biggest pharmaceutical distributors in Poland. Torfarm's customers are mostly drugstores, but the firm has also been supplying hospitals and other healthcare-related institutions. At present the company covers some 9.8 percent of the market in Poland. Q4 2005 sales revenues of the company reached zł.1.4 billion, improving by some 10 percent y-o-y.

SIMPLE The firm produces company management software for small- and medium-sized firms. The company sells its own software as well as representing ROSS Systems, a subsidiary of the US-based software maker Renesans CS. Simple aims at large and very large enterprises, especially in central Poland, which remains the firm's main market.

STALEXP Katowice-based Stalexport is the largest domestic steel capital group. The group's scope of activities includes: the production and distribution of steel products; a scrap procurement and processing network; and non-steel operations, such as work on the Katowice-Kraków A4 motorway. Sales revenues in Q4 2005 decreased by more than 36 percent, reaching zł.441.9 million (zł.693.3 million in 2004 y-o-y). The company has also reported severe losses in the fields of net, gross and operational results.

GTC Warsaw-based Globe Trade Center is one of the leading developers in Central and Eastern Europe. The company has been operating since 1994. GTC invests in three main sectors of the real-estate market: office buildings, shopping and entertainment centers and residential property. GTC develops real estate projects in Poland, Hungary, Czech Republic, Romania, Serbia and Croatia. GTC - acting through its subsidiary GTC Slovakia - has acquired a company (GTC Bratislava) that is going to develop a major residential project on a 2.8-hectare plot that overlooks the center of Bratislava.