Medika AD 1H Profit Reaches 1.9 Leva Per Share

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Medika AD's 1H profit increased 3.3 times and reached 621,000 leva (317,512 euros), or 1.9 leva per share, against 188,000 leva (96,122 euros), or 0.58 leva per share a year ago, shows the company's report filed with the BSE.

Revenues jumped 6.4% to 6.26 mln leva (3.200 mln euros), compared with 5.89 mln leva (3.011 mln euros) a year ago. Meanwhile, the company's costs are down to 5.57 mln leva (2.847 mln euros), compared with 5.67 mln leva (2.899 mln euros)last year.

Medika AD () has a core capital in the amount of 326,000 leva (166.681 euros), and towards the end of June its equity capital stood at 18.2 mln leva (9.305 mln euros).

The company's core activity is the production and sales of medical dressing materials, dental medication and food addatives. The company's production is based in Sandanski.

Doverie United Holding is majority shareholder controlling 83.489% of the capital.

There were no transactions involving the company's stock on the BSE today, bids and asks remained at 105 and 112 leva per share respectively.

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