Stara Planina Hold Books 5.2 Mln Leva Consolidated Profit in H1

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Stara Planina Hold booked 5.179 mln leva (2.64 mln euros) consolidated net profit for the first six months of 2008. The companies that are minority-owned by Stara Planina accounted for 1.854 mln leva (948,000 euros) of the figure.

Stara Planina posted 4.449 mln leva (2.27 mln euros) profit for the year-ago profit, while minority-owned companies made for 752,000 leva (384,500 euros) of the figure.

The net sales revenue of the holding company totaled 50.55 mln leva (25.84 mln euros) in the first half of the year, up 11.16% year on year. The financial revenue declined to 752,000 leva from 1.25 mln leva in the period January-June 2007.

Stara Planina Hold's assets amounted to 88.9 mln leva as at the end of June 2008, compared to 85.7 mln leva a year earlier. The issued capital of the holding company stood at 21 mln leva, while the equity capital amounted to 54.6 mln leva.

Stara Planina Hold owns stakes in five subsidiaries (Hydraulic Elements & Systems, Slavyana, Fazan, Elhim Iskra, SPH Trans), five associated companies (М+S Hydraulic, Patstroyengineering, Bulgarska Roza, Ptici i Ptichi Produkti and Forsan Bulgaria) and four other companies.

A total of 6,370 shares changed hands on the position today at prices ranging between 4.32 and 4.45 leva per share.

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