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Teklas Bulgaria eyes 31% rise in 2019 net profit, 23% higher revenue

Author Mario Tanev
Teklas Bulgaria eyes 31% rise in 2019 net profit, 23% higher revenue EBRD/All rights reserved.

SOFIA (Bulgaria), July 11 (SeeNews) - Automotive rubber products manufacturer Teklas Bulgaria, a wholly-owned unit of Turkey's Teklas Kauçuk Sanayi ve Ticaret, said that it expects its net profit to grow by an annual 31% in 2019.

Teklas Bulgaria expects to grow its sales revenue 23% year-on-year in 2019, the company said in a financial statement.

The company booked revenue of 370.3 million levs ($213.1 million/189.3 million euro) in 2018 and closed the year with a net profit of 52.4 million levs.

Earlier this year, Bulgaria's economy ministry said that Teklas Bulgaria will invest 22 million levs in the construction of a new plant in the country.

(1 euro = 1.95583 levs)

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