Holding Patishta (

) expects this year's profit to amount to 51 mln leva (26.075 mln euros), company representatives attending today's general meeting of shareholders told Profit.bg.

30 mln leva of the earnings will be spent on allotment of 69 free shares. This year's revenues are seen at 160 mln leva (81.806 mln euros).

At a press conference in October, Ognyan Hajiyankov said the company has plans to establish two new holdings – Maintenance and Reconstruction and Roads and Highways.

Today, Holding Patishta announced they expect to step on the market in Poland in 6 months, and that they are currently negotiating acquisition of two companies in Bulgaria.

2008 investment program is worth some 30 mln leva (15.338 mln euros), more details on it will be given on January 15.

As you already know, today the general meeting of Holding Patishta approved a proposal for a 1:25 split (reduction of the face value of shares in proportion to increasing their number), voting at a 68.81% quorum.

The company's capital currently stands at 432,000 leva allocated in 17,280 shares with a face value of 25 leva. Another decision approved today is adoption of the two-level management structure, i. e. the company will be led by a Supervisory Board and a Management Board.

Zanzi Holding BT, Neo Trado and Vato 2002 were released from the Board of Director. Vasil Bojkov, Nove Holding and Yoanna Cholakova were appointed members of the Supervisory Board.

Holding Patishta's Jan – Sept profit trebled this year. According to the latest consolidated report, profit for the first nine months if the year stands at 16.65 mln leva (8.513 mln euros), compared with 5.43 mln leva (2.776 mln euros) a year ago.