Wine cellar Todoroff (

) reported a 3.8 times surge in profit to 351,000 leva (approx. 179,463 euros) for the past year, compared with 92,000 leva for 2006.

The profit stands at 10.32 stotinki per share, which means the stock's price to earnings ratio reaches 18.4.

The good result is mainly attributed to the 49% hike in revenues, which came to 2.9 mln leva (1.482 mln euros), versus 1.94 mln leva (991 thousand euros) a year ago.

Revenue from production sales has grown the most – from 1.84 mln to 2.6 mln leva (1.329 mln euros) year-on-year.

Revenue from sales of services rose to 95,000 leva, against 70,000 leva in 2006.

Costs rose from 1.89 mln to 2.52 mln leva. Costs on core activity grew the most.

The company has a core capital in the amount of 3.4 mln leva (1.738 mln euros), own capital is at 4.85 mln leva (2.479 mln euros).

The company's shares are still still traded below their IPO price. In April 2007 Todoroff filed an IPO, placing shares at 2 leva each.