Trace Group Hold Also Reports Q1 Loss

Trace Group Hold Also Reports Q1 Loss

A few hours after Holding Roads announced a consolidated quarterly loss in the amount of 2.92 mln leva (1.4 mln euros), Trace Group Hold also said it ended the period on the negative side.

The company reports a loss of 1.519 mln leva (approx. 776,652 euros), versus a profit of 538,000 leva for the corresponding period a year ago.

Net sales revenues stand at 11.381 mln leva (5.8 mln euros), up from 9.233 mln leva (4.7 mln euros) in Q1 last year. Costs on economic elements rise 54.8% to 13.08 mln leva (6.6 mln euros).

Trace Group Hold's issued capital amounts to 2.2 mln leva (1.12 mln euros) and equity capital is at 46.4 mln leva (23.7 mln euros).

The company recently announced plans for expansion to countries on the Balkan peninsula and in the Middle East. Trace already has 19 subsidiaries.

The company starts dividend payment in a month, shareholders will receive 0.20 leva per share.
746 shares changed hands on the position today at prices between 148 and 160 leva apiece.

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