The Consolidated Albena AD Loss for a Half-Year is 12.65 mln Leva

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Albena AD ended the half-year of 2007 with 12.65 mln leva consolidated loss. A year ago the touristic assosiation records 7.783 mln leva negative financial result.

The net selling incomes for the period show a decreasment from 19.27% to 20.102 mln leva, in comparison with 24.902 mln leva a year ago.

The economical elements' expenses of the company are 30.283 mln leva, and the record 3.45% dip towards the former period. Financial expenses of the assosiation for the half-year are 3.137 mln leva, in comparison with 1.599 mln leva a year ago.

For the past year the common shareholder's meeting of Albena AD took a decision to distributes the share's divident to 0.50 leva gross and 0.465 leva net.

Through June the executive director of the assosiation Krasimir Stanev announced that through the next years in the resort will build some new hotels with 1 000- 1 5000 rooms.

The building of a new hotels will happen on the places of the oldest ones. So, the four-stars „Flamingo“, builds on the old „Praga“'s place, come into exploatation last summer. The next years assosiation plans to destroy and „Kardam“, „Dobrotica“, „Dorostor“, „Kamelia“.

In the end of June 2007 the main Albena AD's capital is 2.737 mln leva, and the private-263.106 mln leva. Minutes before the opening of today's exchande session the offerts for buying/selling are on levels of 121.00/121.90 leva for a share.

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