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Bulgarian Fertilizers Producer Neochim 9-mo Net Profit Surges to 27.6 Mln Euro - Table

Oct 27, 2008, 2:48:41 PMArticle by Iva Doneva
share
October 27 (SeeNews) - Bulgarian blue-chip chemical fertilisers producer Neochim said on Monday its nine-month net profit surged to 53.9 million levs ($34.2 million/27.6 million euro) from 1.9 million levs in the year-ago period.

Bulgarian Fertilizers Producer Neochim 9-mo Net Profit Surges to 27.6 Mln Euro - Table

The company's sales revenue rose 77% on the year to nearly 260 million levs.

Following are details from the company's income statement filed with the Bulgarian Stock Exchange (in millions of levs):

Jan-Sept'08 Jan-Sept'07 2007
NET PROFIT 53.937 1.899 3.008
PRE-TAX PROFIT 53.937 1.899 3.355
SALES REVENUE 259.925 147.144 184.861
TOTAL REVENUE 260.553 147.478 185.361
TOTAL COSTS 206.616 145.579 182.006

Neochim (www.neochim.bg), headquartered in the southeastern town of Dimitrovgrad, produces nitric acid, ammonium nitrate, ammonia, carbon dioxide, sodium nitrate and mixed fertilisers, among others. It produces some 630,000 tonnes of ammonium nitrate a year, equal to 60% of Bulgaria's overall output of the chemical.

Shares in the company closed at 63 levs on Monday, down 6.1% from the previous close. The statement was released after the end of trading.

(1 euro = 1.95583 Bulgarian levs)

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