Railway Infrastructure Holding Already a Public Company, FSC

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Railway Infrastructure Holding Already a Public Company, FSC

The Financial Supervision Commission (FSC) listed Railway Infrastructure Holding with the register of public companies in Bulgaria.

The company offered 5.583 mln shares at an issuing value of 5 leva, of which just 2.529 wer subscribed by investors.

Proceeds run at 12.644 mln leva (6.46 mln euros) and the public offering's costs amounted to 75,000 leva.

Sofia-based Railway Infrastructure Holding Jsc was established in April 2007, initially as a limited liability company, dubbed Nove Industry.

The structure of the holding company and its subsidiaries was established in the end of 2007.

Railway Infrastructure Holding consolidates the activities of four companies from the railway sector.

The company forecasts 49.055 mln leva (25.08 mln euros) operating revenue and 6.96 mln leva (3.55 mln euros) profit for 2008. The earnings of the company are expected to grow to 15.757 mln leva (8.05 mln euros) in 2009, while the revenue will amount to 80.276 mln leva (41.04 mln euros) for the same year. The forecasts for 2010 are for 120.04 mln leva (61.37 mln euros) revenue and 24.792 mln leva (12.67 mln euros) profit.

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