Investor.bg sees a 10% decline in sales in 2012
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Investor.bg saw a 9.69% decline in sales revenues in 2012 to 3.58 million leva, according to the company's financial report.
The company posted non-consolidated profit in the amount of 460 000 leva in 2012, which can be attributed to the sale of two of its websites.
Last year Investor.bg sold 25% of Key Media EOOD, which owns the websites Aha.bg and NasamNatam.com.
The two deals are listed as “other revenues” in the company report, which amount to a total of 561 000 leva (sales of company stakes – 389 000 leva, net revenues from sales of assets – 170 000 leva) and 2 000 leva listed as “other revenues”, not related to sales.
Excluding those revenues, the company would have posted a non-consolidated loss of 99 000 leva.
At the end of 2012 the company has 638 000 leva in cash, which is by 586 000 leva down from 2011.
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