Sviloza Posts a 660,000 Leva Non-Consolidated Profit

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Sviloza AD posted a non-consolidated profit of 660,000 leva versus a loss of 315,000 leva a year ago, the company’s report, published by BSE-Sofia, shows.

Total revenues were down 2.2 mln leva from 2.8 mln leva a year ago. Costs also shrank nearly twofold to 1.54 mln leva from 3.125 mln leva in the first quarter of 2006.

Sviloza has a core capital of 31.775 mln leva and own capital of 49.419 mln leva. In the beginning of this year the company increased its capital by 25.1 mln leva. The new shares are not registered for trade on BSE yet.

Sviloza operates mainly through its subsidiary Svilotsel. The company’s non-consolidated revenues come chiefly from rent and services.

Its main shareholder is USA’s Arus LTD, which controls 79.98% of its capital.

Sviloza is a producer and trader of artificial chemical fibres and silk, sulphate bleached cellulose and products thereof, as well as heat and electricity producer.

Only 15 shares of Sviloza changed hands today at 4.93 leva/share.

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