Stara Planina Hold was performed in PARI Daily
19.02.2008
Stara Planina Hold was performed today in Top 10 Bulgarian Business News PARI Daily review in English:
Stara Planina Hold`s profit up 8-fold in 2007
Year 2008, issue 35, From 19.02.2008, by Magdalena Ivanova
The net profit of Bulgaria`s Stara Planina Hold for 2007 amounted to BGN 2.7 million, the non-consolidated report shows. Year on year, the company`s financial result increased 7.8-fold. That was mainly due to positive differences from operations in financial instruments, which stood at BGN 2.3 million at the end of 2007, compared with zero for 2006.
The sale of Haydushki Polyani and the trade in rights issued as part of the capital raise of Hydraulic Elements and Systems (HES) are the two deals that influenced the profit growth, the investor relations director of Stara Planina Hold, Nikolay Mitankin, told the Pari daily. Plovdiv-based Haydushki Polyani was sold for BGN 582,200 in March 2007. The holding raked in a touch above BGN 1.6 million from the sale of the rights. The operation was aimed at reducing Stara Planina Hold`s stake in HES and increasing the free float. In 2007 the holding raised its capital from BGN 1.7 million to BGN 21 million.
Stara Planina Hold invested a total of BGN 15.3 million in five of its subsidiaries: HES (BGN 2.2 million), Slavyana (BGN 3.5 million), Fazan (BGN 1.2 million), Elhim Iskra (BGN 8.3 million) and SPH Trans (BGN 33,000). The market capitalisation of the holding currently amounts to some BGN 130.6 million.
More… (in Bulgarian)
PARI Daily, Page 12
PARI Daily, Page 13
Stara Planina Hold`s profit up 8-fold in 2007
Year 2008, issue 35, From 19.02.2008, by Magdalena Ivanova
The net profit of Bulgaria`s Stara Planina Hold for 2007 amounted to BGN 2.7 million, the non-consolidated report shows. Year on year, the company`s financial result increased 7.8-fold. That was mainly due to positive differences from operations in financial instruments, which stood at BGN 2.3 million at the end of 2007, compared with zero for 2006.
The sale of Haydushki Polyani and the trade in rights issued as part of the capital raise of Hydraulic Elements and Systems (HES) are the two deals that influenced the profit growth, the investor relations director of Stara Planina Hold, Nikolay Mitankin, told the Pari daily. Plovdiv-based Haydushki Polyani was sold for BGN 582,200 in March 2007. The holding raked in a touch above BGN 1.6 million from the sale of the rights. The operation was aimed at reducing Stara Planina Hold`s stake in HES and increasing the free float. In 2007 the holding raised its capital from BGN 1.7 million to BGN 21 million.
Stara Planina Hold invested a total of BGN 15.3 million in five of its subsidiaries: HES (BGN 2.2 million), Slavyana (BGN 3.5 million), Fazan (BGN 1.2 million), Elhim Iskra (BGN 8.3 million) and SPH Trans (BGN 33,000). The market capitalisation of the holding currently amounts to some BGN 130.6 million.
More… (in Bulgarian)
PARI Daily, Page 12
PARI Daily, Page 13
© 2006 SPHolding
