Fazan AD Russe Posts 1H Profit At 247,000 Leva

Fazan AD ()  Russe posted profit in the amount of 247,000 leva (126.289 euros), or 0.77 leva per share in 1H, against 33,000 leva (16,872 euros), or 0.10 leva per share last year, shows the company's report filed with the BSE.

Net revenues jump nearly 59% to 3.61 mln leva (1.845 mln euros), compared with 2.28 mln leva (1.165 mln euros) for the respective period a year ago. Economic elements costs grew 50% from 2.22 mln leva (1.135 mln euros) to 3.34 mln leva (1.707 mln euros).

Fazan has a core capital in the amount of 321,000 leva (164,124 mln euros) and equity capital in the amount of 1.96 mln leva (1.002 mln euros), according to 1H report. Stara Planina Hold controls 74.72% of the capital.

The factory was founded in Russe in 1927 and was the first socks making factory in Bulgaria

Some of its most important clients are TESCO, Woolworth's (Great Britain), PRIMARK, Dunne's (Irelanad), Carrefour, CECH, ARBO (France), OTTO VERSAND, Кaufland, C&A, Marktkauf, Kreissig, Globus (Germany) and others.

25 shares changed hands on the position on Friday at an average of 17.52 leva.

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