SOFIA (Bulgaria), August 29 (SeeNews) – Bulgarian diversified company Industrial Capital Holding said on Friday that its consolidated net profit for the first half of 2008 rose almost six times on the year to 1.542 million levs ($1.16 million/788,400 euro), as sales surged over 45 times.
Industrial Capital Holding posted 81.5 million levs in sales revenue for the first six months of the year, as compared to 1.8 million levs for the same period in 2007, the company said in a statement.
Following are figures from Industrial Capital Holding's consolidated income statement sent to the Bulgarian Stock Exchange’s (BSE) information service X3 News (in millions of levs):
|
H1'08 |
H1'07 |
2007 |
NET PROFIT |
1.542 |
0.264 |
3.791 |
PRE-TAX PROFIT |
5.657 |
0.274 |
3.877 |
SALES REVENUE |
81.540 |
1.804 |
9.933 |
TOTAL REVENUE |
81.758 |
1.885 |
14.036 |
TOTAL COSTS |
76.101 |
1.611 |
10.159 |
Industrial Capital Holding had a consolidated net profit of 3.8 million levs in 2007, down 4.6%.
It owns 33.4% of cables and conductors manufacturer Emka and 22.4% of hydraulic elements manufacturer M+S Hydraulic, which are listed on the stock exchange in Sofia. The holding company is majority owner of metal cutting machines and equipment maker Siloma and machines and details manufacturer Rubolt.
Shares in Industrial Capital Holding, part of the broad BG 40 index of the BSE, closed 3.0% higher at 7.53 levs in a volume of 1,800 shares. The income statement was filed after the end of bourse trade on Friday.
(1 euro = 1.95583 Bulgarian levs)