Last year Albena AD group’s net profit went down almost 21% to BGN 15.23 million in comparison to BGN 19.21 million for the previous year, shows the company’s consolidated financial statement published on the BSE.

The decrease in their profit happens at the same time as the consolidated revenues of the tourist company rose to BGN 103.13 in comparison to BGN 94.6 million for the previous year.

The biggest increase in revenues is from production sales – BGN 42.28 million against BGN 36.3 million for the previous year.

However the company’s expenditures are also growing and have reached BGN 85.62 million for the past year in comparison to BGN 75.18 for the year before.

The company’s shared capital is BGN 2.74 million and the total equitiy towards the end of the previous year were BGN 263.65 according to the financial statement.

In February the Financial Supervision Commission approved the prospectus for a secondary public offering of shares issued by White Lagoon AD, a company 99.9% owned by Albena AD.

The emission amounts to BGN 4.3 million distributed among the same number of shares, which is also the company’s total equity.

For the past year Albena’s shares have gone up 36.5 % according to BSE data and during the last month they went up 6.6%

The tourist resort’s bids are at BGN 98.00 per share and sell orders at BGN 100.00 each.