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.
Telematic Interactive Bulgaria, operator of online casino and betting platform Palms Bet (top 3 in Bulgaria), raised BGN 16m via the first IPO for 2022 on the Bulgarian Stock Exchange
Telematic Interactive Bulgaria EAD, a casino platform operator and sports betting under the brand of PalmsBet (top 3 of online gambling operators in Bulgaria), plans an IPO on February 14th on the Bulgarian Stock Exchange
In a letter to shareholders, the Board of Directors (BoD) of Stara Planina Hold Plc announced that it anticipates 39% y/y expansion in consolidated sales to BGN 277.7 m in FY21, which will continue in FY22 reaching BGN 307m (up 10.6% y/y).
Following the strong FY2020, TBS Group financial results in Q121 did not disappoint either. Although top line growth slowed down, profits improved considerably with margins among the highest ever.