Industrial Capital Holding Posts 0.14 Leva Profit per Share In 1Q

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Industrial Capital Holding posted a consolidated net profit in the amount of 274 000 leva (0.14 leva per share) for the first quarter of the year compared with a positive result of 179 000 leva (0.09 leva per share) for the respective period last year.

Net sales revenues in the period are down 9.53% to 1.804 mln leva and financial revenues amount to 82 000 leva compared with 65 000 leva posted last year.

The economic elements expenditures in the period are down 15.82% to 1.501 mln leva. Financial expenditures reached 111 000 leva which is 13 000 leva more than a year ago.

Towards end of March 2007 the company's assests stood at 23.899 mln leva.

At a General Meeting scheduled June 1, shareholders in Industrial Capital will vote the proposal for a capital increase from 1.944 mln leva to 7.776 mln leva.

According to the proposal the company will increase capital using own funds – that using 2006 profit and retained profit from prior periods.If the general meeting approves the proposal each shareholder will receive 3 new shares for free.

1623 shares of the company changed hands during yesterday's trade at levels ranging between 26.61 and 26.92 leva each.

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