Kardjali-based Lead and Zinc Complex (

) booked Q1profit in the amount of 1.03 mln leva, compared with 4.95 mln leva a year ago.

Revenues came to 41.189 mln leva, of which 38.345 mln leva net sales revenues and 2.844 mln leva financial revenues.

Export accounted for 90.73% of production sales.

Net sales revenues are down by 15.947 mln leva year-on-year, which is mainly due to a slide in zinc prices and to a deliberate slowing down in metal sales with the aim of achieving better financial results.

Q1 costs stood at 40.159 mln leva, of which production costs amount to 37.107 mln leva and financial costs are at 3.052 mln leva.

The company's assets stand at 184.001 mln leva. Non-current assets total 90.649 mln leva or 49.26% of all. Fixed materials assets account for 98.92% (89.675 mln leva) of non-current assets.

Current assets stand at 93.352 mln leva, which is 50.73% of the total. These include material reserves in the amount of 80.902 mln leva, commercial and other borrowings at 12.737 mln leva, cash and equivalents in the amount of 300,000 leva and costs on future projects – 23,000 leva.

As at March 31, the company's issued capital stands at 68.573 mln leva, and equity capital is at 8.413 mln leva.

The average prices of the metals in London for the period concerned were as follows: lead - 2898.87 dollars/ton and zinc – 2429.91 dollars/ton, versus respectively 1786.58 dollars/ton and 3455.83 dollars/ton a year ago.

Shares are down 1.149% do far today on BSE to an average of 41.12 leva a piece.