Bianor AD Posts 166,000 Leva Profit, Revenues At 753,000 Leva In 1Q

Bianor AD's consolidated revenues in 1Q stand at 753,000 leva which is 49% up since last year. The company posted profit in the amount of 166,000 for the period which is 31% more than in the respective period last year.

„We are continuing to maintain high yields by attracting new clients and receiving new projects from our long-term partners“ says Kostadin Yordanov, Bianor's executive director. „The results we have achieved so far give us confidence in the realization of our business goals.“

The company will hold an IPO in the period 25 – 29 June in cooperation with First Investment Brokerage House which is the underwriter of the emission. The price will be determined by the book-building principle. Bianor AD will offer 135,000 common, paperless, voting shares with a face value of 1 lev and issue value of 10 leva each.

The public offering is part of the capital increase procedures in complinace with the decisions of the General Meeting of shareholders held 6 November 2006 and a decision of the Board of Directors dated 26 April 2007.

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