August 27 (SeeNews) - Bulgarian holding company TK Hold said on Wednesday its net profit fell by 62% year-on-year to 386,000 levs ($290,520/ 197,400 euro) in the first half of 2008, as sales dropped by 16%.
Following are figures from TK Hold's consolidated income statement filed with the Bulgarian Stock Exchange’s (BSE) information service X3News (in millions of levs):
|
H1'08 |
H1'07 |
2007 (audited) |
NET PROFIT |
0.386 |
1.027 |
6.207 |
PRE-TAX PROFIT |
0.207 |
1.669 |
9.413 |
SALES REVENUE |
13.063 |
15.561 |
40.058 |
TOTAL REVENUE |
14.344 |
16.624 |
43.104 |
TOTAL COSTS |
14.137 |
14.955 |
33.691 |
TK Hold 2007 consolidated net profit rose 2.3 times to 6.207 million levs.
TK Hold is a diversified holding company, which owns stakes in firms operating in the chemical, meat processing and furniture industry, as well as in commerce.
Company stock, part of the broad BG 40 index of the BSE, was last traded at 5.0 levs at 0830 GMT on Wednesday, down 1.2% from the previous close. The income statement was released shortly before the end of bourse trading.
(1 euro = 1.95583 Bulgarian levs)