Toplivo’s Profit Up 28.3 % In the Year’s First Quarter

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Toplivo’s profit grew 28.3 % in the year’s first quarter to 472 mln leva compared to 368 000 leva a year ago, the company’s non-consolidated report published by BSE shows.

The company’s revenues grew 5.5 % to 59.5 mln leva in comparison to 56.38 mln leva for the first three months of last year. This increase is mainly due to the increase in production sales revenues.

Costs increased as well – by 5.4% to 59.02 mln leva in this period, the report also shows.

Operating costs grew by almost 2 mln leva and the biggest rise according to the data is in payroll costs.

The company’s core capital is 5.417 mln leva and total equities towards the end of the first quarter of the year stand at 88.65 mln leva.

Approximately 6 000 of the company’s shares changed hands today and a 0.5% fall was registered to an average price of 23.38 leva/share. The company’s stock gained nearly 190 % during the past year.

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