Moststroy To Perform a 10 : 1 Split

Moststroy To Perform a 10 : 1 Split

Moststroy AD ()  will perform a 10 to 1 split. The news was announced by Orlin Hajiyankov, chairman of the Board of Directors in Holding Patishta, during the official presentation of the company's strategic program today.

The company's capital currently stands at 1.11 mln leva (567,533 euros), allocated in 111,000 shares with a face value of 1 lev.

The company is to appoint a general meeting of shareholders to vote the proposals.

Moststroy AD expects revenues in the amount of 46-50 mln leva (23 – 25.564 mln euros) this year, and estimates profit at 1.5 – 2 mln leva (766,937 euros to 1.022 mln euros). January – September 2007 profit is estimated at 53,000 leva (27,099 mln euros).

The company is currently working on contracts worth 118.2 mln leva (60.434 mln euros), which have to be completed by end of 2008.

Moststroy is planning to invest more than 30 mln leva (15.228 mln euros) by 2009, Hajiyankov also said.

The stock added 4.05% to 2826.98 leva today at a turnover of 438 shares. In the late afternoon buds are at the maximum price limit for the day.

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