October 1 (SeeNews) - State-run Bulgarian Energy Holding (BEH) group said on Thursday its pre-tax profit for the first eight months of 2009 was 309 million levs ($230.4 million/157.97 million euro), up by 79.1 million levs from a year earlier.
BEH (www.bgenh.bg), set up in September 2008, incorporates assets of Bulgaria's sole nuclear power plant Kozloduy, gas monopoly Bulgargaz, gas transmission system operator Bulgartransgaz, telecommunications operator Bulgartel, power grid operator NEK and its wholly-owned system operator ESO, coal-fired power plant Maritsa East 2 and the Maritsa East coal mines. Group assets exceed 10 billion levs and it employs some 22,000 people.
In August alone the combined profit of the companies in the group was 53.2 million levs, mainly thanks to the good financial results of Kozloduy, Maritsa East 2, Bulgargaz and Bulgartransgaz, BEH said in a statement.
Bulgaria's centre-right government led by Prime Minister Boyko Borisov, which ousted from power a Socialist-led tripartite coalition in the July 5 elections, has said the energy megastructure was absolutely redundant and should be closed down.
(1 euro = 1.95583 Bulgarian levs)
Bulgargaz EAD is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here