November 1 (SeeNews) - Bulgarian insurer Bulstrad profit after taxes and before minority interest for the first nine months of 2007 fell 35.7% to 582,000 levs ($430,600/298,300 euro) despite a 25% rise in net premium income, the company said.
Bulstrad is part of Austrian insurance group Wiener Staedtische, which owns also local insurer Bulgarski Imoti.
Following are details from the company's financial report filed with the Bulgarian Stock Exchange (BSE) (in millions of levs):
|
|
9-mo'07 |
9-mo'06 |
2006 (audited) |
| PROFIT AFTER TAXES, BEFORE MINORITY INTEREST |
0.582 |
0.905 |
1.601 |
| PRE-TAX PROFIT |
0.583 |
1.151 |
1.873 |
| NET PREMIUM INCOME |
99.904 |
79.774 |
109.455 |
| NET INDEMNITIES |
61.508 |
46.196 |
70.517 |
Company officials were not imemdiately available to comment.
Company stock ended 4.7% lower at 333.4 levs on the stock exchange in Sofia on Thursday.
(1 euro = 1.95583 Bulgarian levs)