October 30 (SeeNews) - Bulgarian textile company Decotex said on Tuesday that its net profit for the first nine months of this year dwindled to 97,000 levs ($72,000/50,000 euro) from 1.1 million levs a year earlier, as costs rose faster than revenue.
Following are details from Decotex's interim financial report filed with the Bulgarian Stock Exchange (BSE) (in millions of levs):
|
|
9-mo'07 |
9-mo'06 |
2006 |
| NET PROFIT |
0.097 |
1.102 |
1.877 |
| PRE-TAX PROFIT |
0.097 |
1.102 |
1.877 |
| SALES REVENUE |
17.386 |
17.063 |
24.979 |
| TOTAL REVENUE |
17.619 |
17.644 |
25.709 |
| TOTAL COSTS |
17.522 |
16.542 |
23.503 |
Earlier this year Decotex said it would issue up to 20 million levs in bonds and increase its capital by up to 26.6% to 19.04 million levs by issuing new shares. It plans to invest 18 million euro in a residential building in the southeastern Bulgarian city of Sliven, where it is based.
Shares in the company, part of the broad BG 40 index of the BSE, ended unchanged at 3.25 levs on Tuesday.
(1 euro = 1.95583 Bulgarian levs)