CBA Asset Management's (

) annual consolidated profit rose nearly 2.7 times last year, the company's report filed with BSE revealed.

200 net profit came to 1.394 mln leva, which is 168% up compared to the 2006 cumulative consolidated earnings of the companies in the group – CBA Asset Management, CBA Veliko Tarnovo, CBA – Gabrovo and CBA Ruse, which came to 520,000 leva (the company has not issued a consolidated report for 2006).

Revenues rose 35.5% to 44.722 mln leva (22.865 mln euros), versus 33.004 mln leva in 2006.

CBA Asset Management has signed a preliminary contract for the purchase of 100% of shares of Burlex 104, a company managing 8 supermarkets in Varna and another three - in Dobrich, Kavarna and Provadia.

This year the company has opened 4 supermarkets in Targovishte and rented a new store in Gabrovo. In March CBA's first hypermarket in Sofia opens doors, as well as a commercial center in Veliko Tarnovo.

With the Burlex 104 agreement, CBA Asset Management will control (via its subsidiaries) a total of 29 shops in Sofia, Varna, Veliko Tarnovo, Ruse, Gabrovo, Targovishte, Dobrich, Provadia and Kavarna.

By mid-2008 the total area of stores will reach 16,500 square meters, against 3,900 square meters at the beginning of 2007.

The last transactions with shares of the company on BSE was at 3.40 leva.