Sparki Eltos is Planning to Invest BGN 4.43 million During 2007
According to the company’s annual report published on BSE, in 2007 Sparki Eltos is planning to spend BGN 4.43 million on new equipment aiming at increasing the company’s production capacity.
A total of BGN 2.05 million will be invested in technological equipment and process improvement and other BGN 930 000 will be invested in repair and maintenance of the equipment. Half a million will be spent on environmental sustainability, improvements for safe and healthy labour –BGN 600 000 and 350 000 on construction activities.
During the period 2004 - 2006 the company has invested a total of BGN19.22 mln.
According to recent prognosis Sparky Eltos will announce a profit of BGN 2.717 mln for 2007 .
The company’s net profit for 2006 was estimated at BGN 929 000, against a positive financial result of BGN 97 000. Its share capital is BGN 200 mln, while its total equity amounts to BGN 30.138 mln.
Sparky Bulgaria AD owns a share of 79.52% of the company. The current bid is at BGN 19.06, while the asking price is BGN 21.00.