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Bulgaria's Sopharma Trading grows 11-mo pre-tax profit 18% y/y, sales up 13%

Dec 23, 2020, 12:00:00 AMArticle by Aleksia Petrova
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SOFIA (Bulgaria), December 23 (SeeNews) -  Bulgaria's Sopharma Trading [BUL:SO5] said that its profit before taxes increased by an annual 18% in the first eleven months of 2020, reaching 22.6 million levs ($14.1 million/11.6 million euro).

Bulgaria's Sopharma Trading grows 11-mo pre-tax profit 18% y/y, sales up 13%
Author: Sopharma Trading / All rights reserved.

Sales revenue rose by 13% on the year to 799.6 million levs in the January-November period, the pharmaceuticals trading company said in a bourse filing on Tuesday.

In November alone, profit before taxes jumped by 51% to 2.4 million levs supported by a 20% rise in sales, to 84.1 million levs.

As at 10:18 CET on Wednesday, Sopharma Trading's shares changed hands 4.27% lower at 5.60 levs on the Bulgarian Stock Exchange.

Sopharma Trading is a unit of Bulgarian pharmaceuticals producer Sopharma [BUL:3JR].

(1 euro = 1.95583 levs)

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