Naftex Petrol Increases Stake In Petrol To 5.15%

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Naftex Petrol Increases Stake In Petrol To 5.15%

Varna-based Naftex Petrol has acquired 165,232 shares, or 0.15% of the capital of Petrol Jsc, BSE's website's announces.

Thus the company's interest in Petrol has risen to 5.15%. Naftex Petrol is 100% controlled by Petrol JSC itself, according to APIS.

At the end of 2005, Naftex Petrol transferred 18.84% of Petrol Jsc to Naftex Oil and Shipping Corporation – UAE.

Petrol's consolidated Jan – Sept profit stood at 18.418 mln leva (9.416 mln euros), compared with 16.886 mln leva (8.633 mln euros) a year ago.

Total revenues for the period came to 1.006 bln leva (514.360 mln euros), versus 991.443 mln leva (506.916 mln euros) a year ago. Consolidated net sales revenue stood at 955.311 mln leva (488.442 mln euros), which is 29.524 mln leva down from same period last year.

255,000 shares have changed hands on the position so far today. The price varies between 5.00 and 5.87 leva.

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