Mashtroy AD-Troyan posted a 115,000 leva profit in the first quarter versus a profit of 90,000 leva a year ago, the company’s financial report published on the website of BSE shows.

Revenues were up 27% to 4.29 mln leva in the three months ended 31 March from 3.38 mln leva in the corresponding period of 2006. Growth in revenues was chiefly due to higher product sales which reached 4.22 mln leva in the period compared to 3.27 mln leva a year ago.

Revenues from positive currency rates fluctuations were down to 9,000 leva from 48,000 leva in the first quarter of last year. The company had no interest revenues in the first quarter, while in the first quarter of 2006 they were in the amount of 28,000 leva.

Total costs in the reporting period grew to 4.18 mln leva from 3.28 mln leva a year ago due to higher operating costs.

Interest costs were also up to 35,000 leva from 15,000 leva.

Mashtroy AD has a core capital of 412,000 leva and own capital of a little over 6 mln leva as of 31 March 2007.

20 shares of Mashstroy have been traded since the start of today’s session at 20.50 leva/share – down 2.4%.