Doverie United Holding's Q1 Profit Up 66% Y/Y

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Doverie United Holding's Q1 Profit Up 66% Y/Y

Doverie United Holding () booked 1.78 mln leva (910,100 euros) consolidated profit for the first quarter of 2008, up by 66% compared to the 1.07 mln leva (547,100 euros) profit posted for the year ago period, the consolidated report of the company shows. Doverie United Holding's profit for the first quarter of 2008 amounted to 1.44 mln leva (736,250 euros) net of minority interest.

The total revenue of the holding company amounted to 42.79 mln leva (21.87 mln euros) as at March 31, 2008, compared to 37.85 mln leva (19.35 mln euros) a year earlier. The net sales revenue amounted to 40.86 mln leva, up by 12% year on year.

Doverie United Holding's operating costs stood at 41.02 mln leva as at the end of March 31, compared to 36.9 mln leva a year earlier. The business costs accounted for 39.57 mln leva, compared to 35.42 mln leva a year earlier.

The assets of the holding company totaled 328.04 mln leva as at March 31, 2008, compared to 329.16 mln leva a year earlier. The non-current assets of the company stood at 236.44 mln leva, while the current assets totaled 90.63 mln leva.

The non-current assets of Doverie United Holding rose from 64.36 as at the end of March 2007 to 62.55 mln lev a year later. The non-current liabilities went up from 63.67 mln leva to 69.13 mln leva.

The issued capital of the company stood at 13.15 mln leva as at the end of March 2008, while the equity capital totaled 127.26 mln leva., compared to 127.97 mln leva a year earlier.

A total of 2,665 shares in the company traded hands on the Bulgarian Stock Exchange (BSE) today. The stock appreciated by 1.87% to an average of 9.27 leva per share.

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