Neochim is Expecting a 10% Growth in Production Revenues

The planned production sales of Neochim for 2007 is BGN 180.83 million according to its management report submitted to BSE-Sofia.

A growth of about 10% is expected in comparison to 2006 due to the increase in prices on the domestic market after the price of natural gas rose to BGN 321,11 per hnm3 on 1 January 2007.
During the entire 2006 the company production’s worth is of BGN151.316 million which is BGN 25.301 million less than 2005.

In 2005 33,73% of the sales were realized on the domestic market while in 2006 this percentage increased to 47%.

The predominant share of the production sales revenues come from : Ammonium Nitrate EC Fertilizer -73,97%,Ammonia – 11,89%:K- formaldehyde resin – 7,59%,Carbon dioxide- 2,19 %.

Neochim has announced net profit of BGN3.577 million for 2006 in comparison to BGN 13.46 for the previous year. The company’s main capital is of BGN 2.654 million while the company-owned capital is BGN 76.816 million.

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