Kaolin's Profit Up, From 6.767 Mln leva to 15.681 Mln Leva In January – September

Kaolin's January – September profit stood at 15.681 mln leva, versus 6.767 mln leva on September 30, 2006, according to the latest non-consolidated report posted by the company. Profit has also increased 3.574 times compared with last quarter.

Revenue grew 35.7% - from 60.803 mln leva in September 2006 to 82.540 mln leva in September 2007. The company reports increasing revenues from production, and sales of goods and services.

Production sales grew from 36.725 mln leva in September 2006, to 45.236 mln leva at the end of last month. Revenue from sales of services rose by more than 5 mln leva to 20.871 mln leva, and revenues from sales of goods climbed from 3.779 mln leva to 6.587 mln leva.

The company earned 2.550 mln leva from positive differences from operation with financial assets and instruments.

Total costs also grew, although at a slower pace, from 54.036 mln leva to 68.859 mln leva. Costs on external services rose almost 7 mln leva to 31.085 mln leva.

Materials costs also increased, from 13.332 mln leva to 16.966 mln leva y/y.

Over the past nine months Kaolin's assets grew by nearly 45 mln leva to 143.641 mln leva. Fixed assets amount to 62.368 mln leva of it.

Kaolin () has majority stakes in three Bulgarian companies. It also has 5 subsidiaries in Ukraine, Serbia, and Romania.

The stock added 2.78% yesterday to an average of 20.72 leva.

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