Consolidated Profit of Bulgartabak Dips 27.4% In H1


The consolidated profit of Bulgartabak Holding has decreased 27.4% for the first six months of the year to 3.51 mln leva, in comparison with the profit of the past year, which was in size of 4.84 mln leva.

The decrease in the profit became a reality, against the background of the incomes of the tobacco holding with 9.5% from 156.26 mln leva to 171.05 mln leva from the past year.

The increace is defined mainly by the growth in the sellings of production and stock, when the stock has increased from 2.46 mln leva to 9.76 mln leva.

The expenses of the assosiation have decrease,too from 146.57 mln leva to 162.97 mln leva.

Big growth here are registerd with the expenses for outside favours-it increase fast with around 3 mln leva, and the balans'value of sold assets is around 13 mln leva.

The negative differences of operations with financial assets that came to 4.87 mln leva, weigh down to the expenses too.

On the common meeting of the shareholders of „Bulgartabak holding“AD-Sofia, from 28 June, was made a decision for a distribution of a gross dividend of one share of 2.63 leva ( 2.446 net) or totaly 19.375 mln leva.
From the last year's profit in size of 43.064 mln leva for fund reserve are having left 10%.

From the rest of the profit are lefted 25% for part of the workers in the assosiation, it was a decision from the meeting.

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