Blagoevgrad BT’s First Quarter Profit Stands At 7.042 mln Leva

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Blagoevgrad-BT AD announced a pre-tax profit of 7.042 mln leva  for the first quarter of the year against 179 000 leva for the same period last year, the company’s statement filed with the BSE-Sofia reveals.

This increase in the profit is due to the 62.16 % increase in net revenues to 45.636 mln leva in the period in comparison to 28.143 mln leva for the previous year.

The company’s economic elements costs stand at 38.028 mln leva or 43.16 % more than in the first quarter of last year.

Towards end of March 2007 the company’s assets stand at 274.418 mln leva against 268.541 mln leva in the end of the preceding period. Receivables amount to 11.998 mln leva and the company’s liabilities are 75.687 mln leva.

In 2007 the company is planning to invest 6.765 mln leva of which 3.124 mln will be used for the purchase of four laser perforators.

The company’s core capital is 2.702 mln leva and its total equities towards the end of the period concerned stand at 192.41 mln leva. Bulgartabak Holding AD owns 85.24 % of the company’s capital.

No transactions with the company’s shares have been made so far today. Bids and asks are currently at 60.01 and 67.00 leva/share.

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