2Q 2015 Consolidated Financial Report of the company has submitted to the Financial Supervision Commission.
Through the interim report:
Consolidated net profit of the group for the 1H 2015 amounted to 9,583 thousand. Sales in the quarter reached 47,091 thousand which is a decrease of 6.40% YoY, but 1.24% higher than in the 1Q 2015, and 2.45% over the business plan.
The Board of Directors of Stara Planina Hold provides a slowdown in the coming months. Consolidated sales for Y2015 will be about 1.5% lower than Y2014 sales. It is possible that these projections will not be met due to non-market appreciation of the electricity for the Bulgarian industry. We cannot overlook this very alarming fact because it reflects not only our production costs, but also reflects on energy-intensive industries of our suppliers.
Consolidated Sales (BGN'm)