Tolpivo Sees 310 Mln Leva Consolidated Revenue in 2008

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Tolpivo Sees 310 Mln Leva Consolidated Revenue in 2008

Heating and construction materials distributor Toplivo AD forecasts 310 mln leva (158.5 mln euros) net revenue for 2008, compared to 277.124 mln leva (141.7 mln euros) revenue booked for 2007. The profit of the company is projected to reach 9.45 mln leva (4.83 mln euros) this year, compared to 8.311 mln leva (4.24 mln euros) profit booked for the previous years.

Construction material sales accounted for 43% of the total sales of the company in 2007, compared to 39% a year earlier.

The share of liquid fuel sales has also increased from 24% of the total sales in 2006 to 25% in 2007, while the share of LPG sales revenue has dropped from 25% in 2006 to 20% in 2007.

The share of heating materials sales in 2007 remained unchanged at 12% from the previous year.

Toplivo sells its products through a network of more than 380 sites, including 250 trading bases, shops, LPG stations and etc.

The company imposes 11 to 15% surplus charge depending on the type of the products and whether they are offered on a wholesale or a retail basis.

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