Total revenues in the three months ended 31 march were down 28% to 2.79 mln leva from 3.9 mln leva a year ago. The company has confirmed orders for the whole 2007 guaranteeing output increase and utilization of production capacities.
Total costs in the last quarter were also down 28% to 2.86 mln leva. Prices of non-ferrous metals have been going down since the start of 2007.
Elma AD has a core capital of 2 mln leva. Its own capital amounts to 12.74 mln leva.
Elma Elektromotori AD and AKB-Aktiv AD control 28.35% and 19.23% of Elma’s capital respectively, while Kostenez-HHI and Standard Investment High-Yield Fund hold 13.36% and 8.17% respectively.
Elma’s stock closed at 3.33 leva/share Friday. Bids/asks remained at levels of 2.98/3.30 leva/share.