The operating revenue of the company amounted to 16.37 mln leva (8.36 mln euros) in the first three months of 2008, compared to 10.32 mln leva for the year-ago period. The net sales revenue accounted for 16.25 mln leva of the figure marking a 58% year on year increase. The revenue from product sales totaled nearly 14 mln leva in the first quarter of 2008.
The total operating costs of the company stood at 13.9 mln leva (7.1 mln euros) in the three months of 2008, a 36-percent increase compared to the 10.22 mln leva (5.27 mln euros) posted a year earlier. The business costs of the company went up from nearly 10 mln leva (5.11 mln euros) as at March 31, 2007 to 13.66 mln leva (6.98 mln euros) a year later. Material costs accounted for the bulk of the figure (10.04 mln leva) marking an increase from the 8 mln leva (4.09 mln euros) booked for the year-ago period.
The balance sheet value of the company's assets also grew by 3% to 117.14 mln leva (59.89 mln euros) as at the end of March 2008. The increase may be put down to the increase in the value of the current assets of the company, which went up from 58.1 mln leva (29.7 mln euros) to 62.5 mln leva (31.95 mln euros). The value of the non-current assets declined from 55.18 mln leva (29.21 mln euros) to 54.64 mln leva (27.93 mln euros).
Sparky Eltos' non-current liabilities rose from 10.07 mln leva (5.14 mln euros) as at the end of March 2007 to 12.29 mln leva (6.28 mln euros) a year later. The short-term liabilities of the company went down from 7.9 mln leva (4.03 mln euros) to 7.08 mln leva (3.61 mln euros) in the first quarter of 2008.
Sparky Eltos' issued capital amounted to 16.74 mln leva (8.56 mln euros), while the equity capital of the company stood at 97.77 mln leva (49.98 mln euros), compared to 95.31 mln leva (48.73 mln euros) a year earlier.