Druzhba AD- Razgrad net profit for the first quarter of the year is down 1000 leva compared to the same period in 2006 and amounts to 99 000 leva according to the company’s report published by BSE- Sofia.

Sales revenues are up 21 per cents to 2.5 mln leva against 2.07 mln leva for the previous year. Economic elements expenditures grew to 2.36 mln leva from 1.91 mln leva for the same period in 2006.

Druzhba’s core capital is 205 000 leva and total equities reached 6.075 mln leva towards end of March.

The company’s total liabilities amount to 2.57 mln leva and borrowings are a little over 1 mln leva. Operating funds towards the end of the period concerned amount to 292 000 leva.

Favorit Hold owns 49.91 per cent of the company’s capital and Kortex Trading AD owns 29.24 per cent.

Druzhba AD will hold a General Meeting of Shareholders June 5, 2007. At the meeting shareholders will vote the proposal to direct the company’s 2006 profit to the Reserves Fund.

The final date for transacting the shares of the company as a result of which the holder will be entitled to exercise their voting rights at the upcoming General Meeting is May 19, 2007.

So far today 91 shares of the company have been traded at an average price of 38.90 leva.