bg
Korado revenues declined in Q2’20 but margins and dividend kept intact
Revenues of Korado Bulgaria contracted by 27.5% y/y to BGN 8.4m in Q2’20. Profit margins remained solid with EBITDA margin at 19% and net income margin at 14%.
2020 Q1 for Korado: Positive sales performance in Bulgaria and Romania
The first quarter of 2020 saw a drop in both top and bottom lines as OPEX dropped slower than revenues. During the period, Korado sold a total of 114k radiators, down 1.6% y/y, generating sales revenues of BGN 8.8m, down 7.3% y/y, the latter being an evidence for a drop in end product prices.
A new short SOFIX fund licensed
Highlights from ELANA Weekly Wrap-Up for 11 – 17 October 2019
Highlights of Bulgarian stock market: 13 – 19 September 2019
Highlights from ELANA Weekly Wrap-Up for 13 – 19 September 2019
More announcements of GMs shed light on dividend yield for FY2018
With more general shareholders meetings (GSM) announced (and some already held), shares on the Bulgarian stock exchange bring 1.3 to 4.2% dividend yield for FY2018.
New research report: Korado marks a rise in bottom line
Steel radiators producer Korado achieved 10% y/y bottom line growth to record bgn 5.3m in FY2018 despite tough market conditions. Profitability continued to improve on lean management, net profit margin reaching record 11.9%.
Korado Bulgaria net profit boosted 20% in H1 2018
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.
New research report: Korado marks a surge in margins
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.
Korado reports 21% surge in net income for Q1 2018
Steel radiators manufacturer Korado posted 10% y/y growth in revenue to BGN 10.4m and 21% surge in net income to BGN 1.6m in Q1’18, according to Company’s published financial statements for Q1’18.
Korado proposes BGN 0.26 DPS for 2018 and mulls 6-month dividend
Steel radiator producer Korado proposed BGN 0.26 DPS and expects new contracts from Germany, the Company announced at meeting with investors on 29th March, 2018 where it presented its audited results for 2017.
