The companies on the Bulgarian Stock Exchange have already submitted their H1 reports and most of them posted strong results. Profit.bg compiled a chart with the 20 companies that posted the greatest H1 profit in 2007.
Bulgarian Telecommunications Company, which recently changed its owner, topped the chart with consolidated profit in the amount of 72.4 mln leva (37.017 mln euros). The new owner is planning to make a tender offer to the rest of shareholders and to delist the company from the public register.
The Chimimport group posted profit in the amount of 60 mln leva (30.677 mln euros) and ranked second on our chart. The company is currently increasing capital from 130 mln leva (66.467 mln euros) to 150 mln leva (76.693 mln euros) via the issuance of 20 mln shares with an emission value of 11 leva each.
CB Bulgarian-American Credit Bank ranks in the top 3 with 24.7 mln leva (12.628 mln euros) posted in H1, which is the highets profit of all four banks listed on BSE (the other three are also in top 20).
Next in the chart come Drujba Staklarski Zavodi AD, Sopharma AD, and First Investment Bank AD, all with earnings at around 20 mln leva (10.225 mln euros).
At the bottom of the list we find Sofia BT and Holding Patishta with less than 5 mln leva for the January – June 2007 period.
The total amount of earnings of all companies in the top 20 reaches 348 mln leva (177.9 mln euros), and their total capitalization stands at 15 bln leva (7.670 mln euros). You can see the full chart below.
The data is taken from the financial reports filed with the BSE, and the consolidated reports, if such were filed.
|Company||H1 Profit (Mln BGN)||Price on Sept 3, 2007||Capitalization|
|1||Bulgarian Telecommunications Company AD||72,44||10,7||3089,78|
|3||CB Bulgarian American Bank||24,69||82,23||1038,13|
|4||Drujba Staklarski Zavodi||20,93||135||903,09|
|6||First Investment Bank||19,63||12,83||1411,3|
|7||CB Economic and Investment Bank||16,9||132,7||925,19|
|9||Lead and Zinc Complex||14,31||79,29||667,1|
|11||Corporate Commercial Bank||11,14||87,69||526,14|
|12||CB Central Cooperative Bank||9,42||9,45||687,59|
|14||Bulgarian Holding Company||6,96||4,27||28,11|