Holding Varna A posted a non-consolidated profit of 729,000 leva in the first quarter of 2007 compared to a loss of 76,000 leva a year ago.

Total revenues in the three months ended 31 March reached 1.118 mln leva compared to 12,000 leva in the same period last year. Positive differences from financial assets and instruments operations amounted to 1.176 mln leva, while interest revenues totaled 12,000 leva.

Total costs amounted o 459,000 leva increasing 88,000 leva chiefly due to interest payments of 393,000 leva.

Assets totaled 36.45 mln leva versus 34.794 mln leva in the first quarter of 2006. Receivables in the end of March amounted to 25.857 mln leva while debts totaled 5.715 mln leva.

Holding Varna A has a core capital of 1 mln leva. Its own capital standsa t 11.298 mln leva. Abas EOOD controls 45.75% of its capital.

120 shares on this position changed hands Friday at 34.85 – 35.00 leva/share.