Devin Consolidated Profit Up 24%
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Devin Jsc saw its nine-month consolidated earnings dip 24% to 1.69 mln leva, compared with 2.23 mln leva last year.
At the same time revenues are up by 25% for the period, reaching a turnover in the amount of 53 mln leva.
EBIDTA constitutes 12% of revenues.
The company's core capital stands at 17.89 mln leva (9.14 mln euros) and equity capital is at 31.67 mln leva (16 mln euors) as at the end of September.
Devin Jsc has successfully completed its investment program for the current year. The Devin plant is working at full capacity – the company completed a renovation of the facility this year.
Devin also reports a successful invasion in Romania – the company's products are sold in most of the country's leading supermarket chains and gas stations.
Earlier this year the company separated the division for 19-liter water bottles delivery. This business has grown by 25%, compared with an average of 11% for the market, according to the National Association of Soft Drink Manufacturers.
The last transaction on the position on BSE was at 2.10 leva/share.
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