Kauchuk AD Sets 2006 Profit to “Reserves” Fund

At a General Meeting scheduled June 29, shareholders in Kauchuk AD will vote the proposal to set aside the 2006 profit which is in the amount of 768 000 leva to the company’s “Reserves” Fund.

The final date for transacting the share of the company as a result of which the holder will be able to exercise their voting right at the forthcoming General Meeting is June 13, 2007.

Kauchuk AD announced net profit in the amount of 185 000 leva for the first quarter of the year compared with 196 000 a year ago. Sales revenues for the period stand at 4.93 mln leva against 5.958 mln leva for the respective period in 2006.

The company’s core capital stands at 942 000 leva and its shared capital towards end of March reaches 9,981 mln leva. Main shareholders in Kauchuk AD are Mura Ltd holding 41,47 % of the capital, Chimiport AD holding 38 % and Viktoria Tsvetanova with 13 per cent.

No transactions involving the company’s stock were made on Monday and bids and asks stayed at 61.75 and 63.40 leva/share.

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