Media Systems’ Revenues Down 41% in First Quarter

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Media Systems’ profit decreased to 125,000 leva in the first quarter of this year from 354,000 leva a year ago, the company’s financial report, published by BSE, showed.

Total revenues went down 41% to 2.02 mln leva compared to 3.4 mln leva in the same period last year. Total costs were also down 36& to 1.88 mln leva from 3 mln leva a year earlier.

Media Systems’ core capital is in the amount of 2 mln leva and its own capital reaches 2.68 mln leva. Currently the company is in the process of increasing its capital from 2 mln leva to 3.5 mln leva.

Media Systems AD operates the full production cycle (mastering-replication-printing) of optical carriers (DVDs and DVD-Rs). Tado-Trade Action Development Organization AD currently holds 84.76% of the company’s capital.

The stock of the company was traded at an average level of 4.06 leva/share today.

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