Net profit is expected to amount to 11.118 mln leva up 6.2 times from its level in 2006.
The company forecasts sales revenues would reach 42.81 mln leva this year, and profit would increase to 2.053 mln leva from 1.761 mln leva in 2006.
Hydraulic Elements & Systems has launched its five-year Technological and Organization Development Program, which envisages initial investments of 12.7 mln leva.
Initial investments will come from the initial public offering of shares from the company’s capital increase (8.2 mln leva), credits (1.9 mln leva) and own funds (2.6 mln leva).
The company plans to increase its capital from 2.62 mln leva to 3.039 mln leva via the issuance of 419,999 new shares with a face value of 1 lev each and issue value of 19.75 leva each.
Net value of revenues from the public offering after costs deduction is expected to reach 8.148 mln leva.
Stara Planina Hold controls 73.73% from the company’s capital. 34 transactions were made on this position last week involving 1,308 shares worth a total of 32,898.59 leva.