Bulgarian Chimimport’s Grain and Oil Seed Trader Posts 3.8 Mln Euro Net Profit for Jan-Sept

The company registered a pre-tax profit of 8.2 million levs in the first nine months of this year, its income statement filed with the Bulgarian Stock Exchange showed.

The statement did not provide comparative figures because Zarneni Hrani was set up last year through the merger of eight grain companies, majority owned by Chimimport. The grain company sold 25% of its capital via an initial public offering to local investors and private placement with foreign investors in late 2007.

Zarneni Hrani has forecast that it would book a net profit of 21.7 million levs on sales of 285.7 million levs this year.

Its stock rose 0.72% to 0.97 levs in volume of over 100,000 shares on Wednesday. The company's income statement was published after the end of bourse trading.

Chimimport holds 57.78% of Zarneni Hrani’s equity capital.

(1 euro = 1.95583 Bulgarian levs)