November 29 (SeeNews) - Bulgarian holding company Favorit Hold on Thursday said its nine-month consolidated net profit dwindled by 43.8% on the year to 490,000 levs ($370,000/251,000 euro), while sales dropped 16.9%.
Company officials were not immediately available to comment.
Following are figures from Favorit Hold's consolidated income statement filed with the Bulgarian Stock Exchange (BSE) (in millions of levs):
|
|
Jan-Sept'07 |
Jan-Sept'06 |
2006 (audited) |
| NET PROFIT |
0.490 |
0.872 |
1.102 |
| PRE-TAX PROFIT |
0.818 |
1.291 |
1.591 |
| SALES REVENUE |
34.614 |
41.659 |
56.883 |
| TOTAL REVENUE |
36.744 |
43.865 |
59.752 |
| TOTAL COSTS |
35.926 |
42.574 |
58.161 |
Favorit Hold has 11 subsidiaries operating in various sectors of the Bulgarian economy, including textiles, machine building and finance.
Its shares, part of the broad BG 40 index of the stock exchange in Sofia, closed 2.04% higher at 16 levs on Thursday. The financial results were filed after the close of bourse trading.
(1 euro = 1.95583 Bulgarian levs)