Polish forklift supplier Wandalex SA posted a net profit of PLN1.5 million (USD391,644) for 2003, a massive jump from the PLN242,000 (USD63,185) achieved in 2002.

The company's operating profit increased to PLN3.5 million (USD913,838) from PLN1.8 million (USD469,973), according to the Polish News Digest. Sales revenue reached PLN59.2 million (USD15.5 million), compared to PLN49.6 million (USD12.9 million) in 2002. Pre-tax profit grew to PLN2 million (USD522,193) from PLN453,500 (USD118,407).

Besides forklifts, Wandalex manufactures warehouse shelves, conveyors and logistics systems. Wandalex cooperates with companies such as Combilift, CVS Ferrari and Yale.