Industrial Holding Bulgaria With 3.244 Mln Leva Non-Consolidated Profit In 1H

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 Industrial Holding Bulgaria () posted a 3.244 mln leva (1.658 mln euros) non-consolidated profit in 1H, compared with 462,000 leva (236,216 euros) a year ago, shows the company's report filed with the BSE.

Revenues are in the amount of 3.9 mln leva (1.994 mln euros), most of which – 3.52 mln leva (1.799 mln euros) come from dividends. Dividends from Maritime Holding AD account for 427,000 leva of total dividend revenues, 3.02 mln leva from ZMM Bulgaria Holding AD, and 69,000 leva from Bulgartabak Holding AD.

Total costs stand at 663,000 leva (338,986 euros),against 645,000 leva (379,783 euros) a year ago.

BSE reports today that on 19 July the company's capital increase from 21 003 235 leva (10 738 783 euros) to 26 254 040 leva (13 423 477 euros) via the issuance of 5 250 805 common, registered, paperless, voting shares with a face value f 1 lev, was registered by Sofia City Court.

IH Bulgaria AD has also appointed a general meeting of shareholders August 29 in order to discuss a proposal for a capital increase from 26.254 mln leva (13.423 mln euros) to 43.757 mln leva (22.372 mln euros) through the issuance of up to 17.503 mln common, paperless, voting shares with a face value of 1 lev and issue value of 2.40 leva.

Main shareholders are Venside Enterprise AD controlling 30.12% of the capital, DZH AD with 6.77% and DPF Alliance Bulgaria with 5.57%.

IH Bulgaria stock added 2.26% to 10.39 leva per share in today's trade.

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