Holding Patishta Aims To Boost Revenues To 1 Bln Leva By 2011

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Holding Patishta Aims To Boost Revenues To 1 Bln Leva By 2011

According to preliminary data, Holding Patishta's revenue for the fiscal 2007 stands at 180 mln leva (92.032 mln euros), Orlin Hajiankov, chairman of the company management board, said in an interview for Profit TV today.

At the moment Holding Patishta is finishing the financial report for 2007. Profit is expected to come to 51 mln leva (26.075 mln euros).

“The objective we set to ourselves three months ago was to achieve 1 bln leva (approx. 511.29 mln euros) in revenues by 2010,”Hajiyankov added.

The holding adopted its budget, investment program and business plan for 2008 yesterday (January 17).

2008 profit is projected at between 210-220 mln leva, and net after tax profit at 42 mln leva (21.474 mln euros). The company's investment program is worth some 42 mln leva (VAT included).

A new holding is to be introduced to the stock exchange by the end of March – Railroad Infrastructure Holding.

Its core activity will be concentrated in the sector of railroad construction,where some 2 bln leva in subsidies will be poured in during the following several years.

149 shares changed hands today on BSE at prices between 1276 and 1300 leva.

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