Holding Patishta's 2007 Profit At 32.56 Mln Leva

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Holding Patishta's 2007 Profit At 32.56 Mln Leva

The 2007 non-consolidated profit of Holding Patishta is in the amount of 32.56 mln leva (16.647 mln euros), versus a loss of 62,000 leva a year ago.

Sales revenues more than doubled to 91.38 mln leva (46.721 mln euros), and financial revenues came to 34.6 mln leva (17.69 mln euros). The latter includes 31.735 mln leva resulting from operations with financial instruments.

Holding Patishta's participation in the establishment of Roads and Highways Jsc and Maintenance and Reconstruction Jsc via contribution of shares from 12 other enterprises into the capital of the new companies is reflected in the financial report.

Operating profit came to 2.583 mln leva (1.32 mln euros), against 401,000 a year ago.

The capital of the new company Maintenance and Reconstruction Jsc stands at 2,848,000 leva. Holding Patishta controls 99.82% of it. Roads and Highway Jsc's capital is in the amount of 33,231,000 leva, of which Holding Patishta controls 99.98%.

As of December 19, 2007 the company's split has been officially registered, and the face value of shares was changed from 25 to 1 lev. At the same time, the number of shares was increased to 432,000 at the same amount of capital.

ABV Engineering controls 42.97% of the company, Eurobuilding 2000 has 23.58%.

369 shares changed hands on BSE yesterday at an average of 1 159.65 leva.

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