Toplivo AD Invested 7.343 mln Leva in 2006

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Toplivo AD invested 7.343 mln leva in long-term assets last year, a registration document of the company published by BSE-Sofia shows. Only a year earlier the company completed its 5.201 mln leva investment program, and in 2004 its investments were in the amount of 6.858 mln leva.

Toplivo AD operates more than 380 facilities. Over 250 of them are commercial bases, shops, gas stations, etc. The company has operations and quarters in more than 196 places in Bulgaria.

Toplivo AD is the official representative and importer of Germany’s Grohe, Keramag and Kolo.

Toplivo AD continues to traditionally invest in trade in building materials – 37% of its total investment, heating products – 12%, liquid fuel – 24%, LPG trade – 27%.

Revenues in 2006 increased 13% reaching 284,406 mln leva. In 2005 they grew 30%, and in 2004 – 10%.

The company posted a net profit of 7.089 mln leva in 2006. This represents an increase of 92.74% from 2005.

The company’s profit is expected to reach 9 mln leva on sales of 310 mln leva this year.

Toplivo AD currently employs 1376 people. In 2005 it had 1318 employees, and in 2004 their number was 1249.

Toplivo AD has a capital stock of 5.417 mln leva and own capital of 88.182 mln leva. Singergon Holding controls 74.45% of its capital.

A total of 250 shares in this position were traded today at a level between 24.00 and 24.10 per shar

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