Record AD Posts a 121,000 Leva Loss in First Quarter

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Record AD-Gabrovo posted a loss of 121,000 leva for the first quarter of 2007 versus a loss of 33,000 leva a year ago, the company’s financial report published on BSE-Sofia’s website showed.

Net revenues were down 49.73% to 847,000 leva in the three months ended 31 March from 1,685,000 leva in the first quarter of 2006.

Economic elements costs also shrank 44.29% to 932,000 leva, while financial costs totaled 36,000 leva compared to 47,000 leva a year ago.

Record AD had assets worth 7.832 mln leva as of 31 March versus 8.155 mln leva in the end of the first quarter of 2006.

Total receivables amounted to 1.889 mln leva, while debts totaled 3.69 mln leva. Record AD has a core capital of 540,000 leva distributed in 108,000 shares with a par value of 5 leva each.

Its own capital stands at 4.07 mln leva. Severcoop Gamza Holding controls 93.18% of the company’s capital.

Record AD’s stock was last traded on 22 June 2005 at 3.50 leva/share.

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