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KFKI to sell stock in 2006

KFKI Rt, a Hungarian computer services company, plans to sell shares to the public in the third quarter of next year, the web site Portfolio reported, citing the company's chief executive. Budapest-based KFKI plans to raise about euro 20 million for investments, Chief Executive Officer Lajos Ludman said. The company expects Ft 1.4 billion of earnings before interest, taxes, depreciation and amortization, on sales of Ft 15 billion this year, according to the web site. KFKI competes with companies including Synergon Rt in developing software, integrating and running computer systems and selling hardware components.