The Consolidated Profit of Zaharni Zavodi Grows up to 10 Times

 The consolidated profit of Zaharni Zavodi grows up to 10 times through the first six months of the year in comparison with the same period of the past year, shows the consolidated account of the assosiation today.

For the first six months of this year the profit came to 2.51 mln leva, in comparison with only 215 000 leva from the past year.

Distributed to the number of the shares in the company, the consolidated profit of the assosiation through the first six months come to 3.61 for a share.

But the incomes of the assosiation have recorded a decrease from 16.4% to a level of 27.28 mln leva, in comparison with the previous year with level of 32.62 mln leva.

The decrease is defined mainly by the decrease in the incomes from the selling of production, stock and favours.

In spite of the decreased incomes, the good result accounted from the assosiation has been defined from the strong decreasing of the expenses, especially in the part of these in the main activity.

The expenses for materials have decreased up to 9.34 mln leva in comparison with 32.96 mln leva from the past year.

On this way the consolidted expenses of the assosiation have decreased to 24.55 mln leva, in comparison with 32.36 leva for the previous year.

Zaharnii zavodi plans an increasing of the capital from 695 000 leva to 8.335 mln leva, through the producing of a new 7.64 mln shares with the means of the assosiation, and changing the reserves into a share's capital.

The decision will be discussed on the forth-coming meeting of the shareholders from the company, which is dated on 14 September.

Zahar Invest AD owns 43.00% from the capital of the assosiation, while GU-Faradey and Rythm-4-TB EOOD have accordingly 25.58% and 25.55 %.


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