Medica Jsc (

) expects 2008 profit to reach 1.8 mln leva, the company states in its report filed with BSE. Last year Medica posted earnings in the amount of 1.318 mln leva.

Sales revenues are projected at 14.9 mln leva (7.61 mln euros), which is 11% up from 2007. The company expects a hike in sales of medical bandages and plasters.

Medica plans to invest a total of 4 million leva in new equipment and production improvements.

At a general meeting scheduled April 24 shareholders will discuss a proposal for capital increase using undistributed profit from prior periods via issue of new shares in a proportion of 29 new shares to each 1 existing share.

According to the proposal, the capital will be hiked from 335,623 leva to 10,068,690 leva (5.14 mln euros) using own funds via transformation of profit into capital.

26 shares have changed hands so far today at an average of 133.62 leva which value the company's market capitalization at nearly 45 mln leva (approx. 23 mln euros).