Eurohold Bulgaria Expects 15.5 Mln Leva Profit on 210 Mln Leva Revenues in 2007
Eurohold Bulgaria AD expects a profit of 15.5 mln leva or 0.25 leva/share in 2007, the company announced. Revenues in the end of this year are expected to reach 210 mln leva, while assets should exceed 300 mln leva.
The biggest profit growth (more than 300%) is expected in the automobile sector - from 932,000 leva in 2006 to 3.13 mln leva in 2006. Eurohold’s forecasts are grounded on the acquisition of Cargo Express and Eurolease Rent-A-Car, as well as on the excellent performance of the automobile market in the first quarter when it registered a growth of 28%.
Automobile companies from the Eurohold Bulgaria group are expected to sell more than 3,000 new cars this year compared to 1,100 last year.
In the financial field the leasing company Eurolease Auto is expected to post the biggest net profit growth - from 408,000 leva in 2006 to 1.4 mln leva in 2007.
In the end of the fiscal 2007 Eurohold Bulgaria’s own capital is expected to almost double to 119 mln leva. The significant increase of the capital is chiefly due to the company’s 42 mln leva capital increase.
The holding registered a profit of 9.70 mln leva or 0.19 leva/share in 2006 (including the period, when the two transforming holdings Eurohold and Starcom Holding operated separately).