Net sales revenues in the period amounted to 229.662 mln leva down 27.42% year-on-year. Financial revenues however increased twofold to 2.002 mln leva.
Economic elements costs stood at 220.241 mln leva compared to 313.813 mln leva in the first quarter of 2006 (down 29.82%), while financial costs amounted to 15.027 mln leva compared to 2.683 mln leva a year ago.
In the end of March 2007 Petrol had assets worth 600.659 mln leva down 1.87% from the beginning of the period. Its core capital amounted to 109.25 mln leva ,and its own capital stood at 172.197 mln leva.
Petrol Holding controls 69.9% of the company’s capital while Naftex Oil Shipping Corporation Limited (UAE) holds 18.84%.
Petrol will hold a general shareholders’ meeting on 11 June, which is expected to discuss a proposal to distribute 50% of its profit or 8.426 mln leva as dividends. Shareholders will also vote a proposal to sell the subsidiary Petrol Storage Ltd.
Early today 109 shares on this position were traded at 4.70-4.80 leva/share.