Neochim's January – September Profit Down 28.4%

Non-consolidated profit of Neochim (

) for the January – September period dropped 28.4% to 1.899 mln leva (970,943 euros), versus 2.65 mln leva (1.354 mln euros) a year ago, the latest company report reveals.

Net profit per share stands at 0.72 leva, compared with 1 lev a year ago, and 3.7 leva in 2005.

Profit declines in spite of a nearly 11% hike in revenues from 132.89 mln leva (67.945 mln euros) to 147.5 mln leva (75.415 mln euros), boosted by revenues from core activity.

However, costs grew substantially - from 130.24 mln leva (66.590 mln euros) to 145.58 mln leva (74.433 mln euros).

Neochim has a core capital in the amount of 2.654 mln leva (1.356 mln euros), and own capital at 78.18 mln leva (39.972 mln euros).

According to September 30 data, main shareholders in the Dimitrovgrad-based company are Euro Fert Jsc with 49.27% of the capital, and Lebanese Karifert International Offshore S.A.L with 17.16%.

Albena Invest Holding sold its 6.38% stake in Q3.

A little over 400 shares have changed hands so far today on the BSE, adding 5.3% to an average of 90.95 leva. Bids are at 90.5 leva and asks at 93 leva.