Ug Market investment intermediary will sell its stake in Steel Profiles at a closed mixed auction on the Bulgarian Stock Exchange (BSE), x3news.com reported. The intermediary will offer its entire stake of 3,375 shares in Steel Profiles.

The minimum price of the stake is set at 235,000 leva (120,150 euros), which translates into 70 leva (35.8 euros) per share. The public offering will start on April 2 and will continue until April 11.

The number of shares to be offered by Ug Market accounts for nearly 5% of the capital of Steel Profiles. The issued capital of the company amounts to 69,260 leva (35,400 euros), while the par value of the shares stands a 1 leva (0.51 euros) apiece.

Steel Profiles booked 21,000 leva (10,730 euros) profit for 2007, compared to 10,000 leva (5,110 euros) profit posted for the previous year. The net sales revenue of the company declined by 20% to 1.12 mln (572,650 euros) leva in 2007.

The balance sheet value of Steel Profiles' assets totaled 8.88 mln leva (4.54 mln euros) as at the end of December 2007, compared to 8.4 mln leva (4.295 mln euros) a year earlier. The liabilities of the company came to 2.21 mln leva (1.129 euros) against 1.84 mln leva (940,780 euros) in 2006. The equity capital remained almost unchanged at 6.58 mln leva (3.364 mln euros).

Steel Profiles' stock was last traded on BSE on April 3, 2007 when 24 shares in the company changed hands at an average price of 0.98 leva apiece