Zaharni Zavodi Ends Q1 At Profit

Zaharni Zavodi (

) posted non-consolidated profit in the amount of 266,000 leva in Q1, compared with a loss of 632,000 leva for the corresponding period a year ago, the non-consolidated report shows.

Revenues totaled 10.62 mln leva (5.42 mln euros), against 7.42 mln leva in Q1 2007. Net sales revenues are up 88% y/y, from 4.52 mln to 8.5 mln leva (4.34 mln euros). Costs grew from 8.05 mln to 10.33 mln leva (5.28 mln euros).

In Q1, the balanced value of assets rose by 3.2 mln leva y/y to 75.29 mln leva (38.49 mln euros). Non-current assets are up from 49.37 mln to 50.8 mln leva (25.9 mln euros), while current assets rose from 22.69 mln to 24.49 mln leva (12.5 mln euros).

Liabilities rise from 30.92 mln to 39.51 mln leva (20.2 mln euros). Current liabilities are down, however, from 25.32 mln to a little less than 20 mln leva (10.2 mln euros).

Zaharni Zavodi's issued capital stands at 8.34 mln leva (4.26 mln euros) and equity capital is at 16.09 mln leva (8.22 mln euros), compared with 15.82 mln leva.

There have been no transactions with the stock so far this morning on BSE. There are 19 bids between 5.98 and 8.03 leva/share, and 17 asks ranging from 8.88 and 10.83 leva.