Leading pharmaceuticals manufacturer and distributor Sopharma posted a slowdown in terms of net profit, down by 15% YoY to BGN 77.9M. This is mainly due to acquisition of and exemption from subsidiaries in the amount of BGN 36.1 million, as well as the accrued 2022 impairments of non-current assets in the amount of BGN 20.8 million.
The falling grain prices in the last quarter of 2022 resulted in a negative EBITDA of BGN 1.9M, compared to a positive one of BGN 9.8M a year ago, after OPEX for the period was higher than revenues (BGN 226M versus BGN 224M respectively).
Leading Bulgarian gaming company Telematic Interactive presented its Q4 results for last year, showcasing a solid growth on both top and bottom lines. EBIT is up by 10.83% YoY, amounting to BGN 25.5M.
On Friday Lyubomir Minchev, majority shareholder of Telelink Business Services Group (TBS), stated in a note to investors his approval of CEO Ivan Zhitiyanov’s decision to forgo the distribution of at least 50% of net profit to shareholders.