Varna Plod Posts a 6.41 Leva/Share Profit in First Quarter

Varna Plod AD posted a non-consolidated profit of 338,000 leva or 6.41 leva/share in the first quarter of 2007, the company’s financial report published on the website of BSE-Sofia shows.

A year earlier the company registered a profit of 300,000 leva or 5.69 leva/share.

Net revenues in the three months ended 31 March were up 6.04% to 509,000 leva from 480,000 leva in the same period last year.

Economic costs elements increased by 5,000 leva from a year ago to 134,000 leva.

Varna Plod’s assets totaled 6.638 mln leva as of 31 March 2007 versus 6,185 mln leva a year ago. Receivables amounted to 1.827 mln leva, while liabilities stood at 905,000 leva compared to 850,000 leva in the first quarter of 2006.

Varna Plod has a core capital of 53,000 leva distributed in 52,709 shares with a face value of 1.00 lev each. Its own capital amounts to 5.667 mln leva.

No transactions were made on this position today. Bids/asks remained at levels of 241.00/250.00 leva/share.

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