The secondary public offering of Sopharma Trading starts January 30 (Ednesday), BSE announced on its website.

According to the company's prospectus shares will be floated at a price of 5 leva.

The company owns warehouses in seven cities in Bulgaria – Sofia, Plovdiv, Varna, Veliko Tarnovo, Burgas, Razlog and Vratza. The bourse code assigned to the issue will be SFTRD.

During the past three years, the company's revenue came primarily from sales of goods (medicines, medical supplies, vitamins, food supplements and cosmetics). Revenue from the pharmacy and hospital market account for 66% and 21% of the total amount, respectively.

As of 2007 Sopharma Trading offers pre-distribution services (that is storage as well as a list of logistics, marketing and financial services) to local and foreign investors.

2004 sales revenues stood at 66.157 mln leva (33.825 mln euros), and in 2005 at 72.52 mln leva (37.078 mln euros). A year later the revenue reached 139.177 mln leva (71.160 mln euros), and in Jan – Sept 2007 came to 186.686 mln leva (95.451 mln euros).

Sopharma Trading is among the leaders in its field in Bulgaria. The company's market share stood at 15.7% in Q4 2006. On the pharmacy market it holds 13.4% and 28.2% on the hospital market. The company expects 2007 data to show its market share expanding to 20% and sales revenues to 256 mln leva (130.890 mln euros).

Sopharma Trading posted its first profit in 2006, which amounted to 256,000 leva, after reporting negative results in the amount of 918,000 leva and 2.132 mln leva (1.090 mln euros) for 2005 and 2004, respectively.

Main shareholder is Sopharma Jsc, which controls 99.22% of the capital.