Agricultural land leasing company ELANA Agrocredit (0EA BU) joins bluechip index SOFIX for the first time, the Bulgarian Stock Exchange announced in the new rebalancing to become effective as of 25 September 2018.
Leading generic pharma company Sopharma expanded H1 2018 consolidated top line 21.5% y/y, bottom line down 25.1% on higher costs due to largescale expansion, according to Company’s latest interim financials.
Lead acid batteries producer Monbat’s consolidated revenues down 9.7% y/y, bottom line shrank more than 4x in H1 2018, according to latest financial statements published by the Company. During the first six months, Monbat posted BGN 133.6m in revenues, marking a 9.7% y/y decrease, with exports declining by 2.9% y/y to BGN 122.5m.
Radiators producer Korado net profit boosted 20% y/y to BGN 3.2m in H1’18, according to the Company’s latest financial statements. Korado managed to deliver an exceptionally good result despite the 4.4% y/y decrease in the top line which dropped to BGN 20.6m.
In June 2018 ELANA Agrocredit invested in purchase of 700 dca (70 ha) farmland as making financial leasing contracts with farmers, the company announced in its monthly newsletter for investors. The deals amounted at BGN 729 510. That added to a total of BGN 6 033 000 investment in H1 2018.
Courier services company Speedy shareholders voted BGN 1.20 DPS at the Company’s general shareholders’ meeting held on 26th June, 2018. Speedy will distribute BGN 6.5m of its BGN 8.4m FY2017 net profit. The dividend yields 3% at current quotes.
Batteries producer Monbat shareholders voted BGN 0.19 DPS at the shareholders’ meeting held on 25th June, 2018, the Company announced in a filing to the Bulgarian Stock Exchange. The dividend yields 2.3% at current quotes.
The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.
Bulgaria’s only steel panel radiator producer Korado delivered good results in Q1’18 as top and bottom lines showed high growth despite surging material costs. The quarter saw fewer sales at higher prices which drove revenues up, further expanding margins.
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