Sopharma Logistics is planning to build warehouses in Turnovo and Bourgas

Sopharma Logistics is planning on buying various land plots and building equipped warehouses for medical products wholesale. The project also includes the purchase of already existing warehouses which after renovation will be used for the storage and logistics of medical products in Veliko Turnovo and Bourgas.

The project will be financed with resources from the increase of the capital the company has successfully completed, the annual activity report reveals.

The company planned to increase their capital from BGN 2.743 million to BGN 5.487 million. The price of the new shares was set at BGN 1.20 and 99.95 % of the offered shares were subscribed and paid.

According to the company’s management, the capital needed for the development of their logistics distribution network ranges at BGN 800 000. It will be used mainly for the acquisition of real estate and other BGN 3 million will be needed for the construction of a new warehouse center.

The company has reported a loss of BGN 4 000 for 2006 against a profit of BGN 9 000 for the previous year. Main shareholders of the company are Sopharma AD and Sofia AD holding 28.43% and 18.84% respectively while Caliman RTAD and Benchmark Group AD have 15.15% and 12.21% respectively.

So far 380 shares of the company have been traded at BGN 3.72 and BGN 3.80 each.

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