Darvoobrabotvane-VT Increases Capital to 3.4 Million Leva

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The general meeting of the shareholders of Darvoobrabotvane-VT approved a resolution to increase the company’s capital from 828,000 leva to 3.4 mln leva using funds accumulated in the “Reserves” fund, Darvoobrabotvane-VT’s CEO Atanas Vasilev told Profit.bg.

Shareholders also decided to distribute 2.113 mln leva (2.55 leva/share) as dividends, Vasilev added.

Darvoobrabotvane-VT posted a net profit of 351,000 leva last year versus 617,000 leva in 2005.

The company expects revenues to reach 13 mln leva in the end of this year and to increase to 18.47 mln leva and 21.85 mln leva in the next two years. Net profit this year is expected to be 1.565 mln leva, and in 2008 and 2009 – 2.451 mln leva and 3.161 mln leva respectively.

In an interview for Profit.bg yesterday Atanas Vasilev said the company was planning to list again on BSE-Sofia. The raised money would be used to finance one of its new projects, Vasilev explained.

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