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First rebalancing of BSE’s indices for the year
The management of the BSE has put forward the first reshuffling for 2023 of its main indices – SOFIX, BGBX40 and BGTR30.
Weekly highlights: Sopharma Trading reported 10% sales growth in August 2019
Highlights from ELANA Weekly Wrap-Up for 30 September – 03 October 2019
Sirma H1 2018: Net income nearly 60% up
IT company Sirma Group Holding expanded consolidated top line 29.4% y/y to BGN 28.5m, net income surged 58.9% y/y to BGN 2.8m in H1 2018, according to latest interim financials published by the Company. Sales in Sirma’s top market in Europe added 69.7% y/y to BGN 18.9m, with Bulgarian sales alone advancing 50.9% y/y to BGN 13.5m.
Sirma Group Holding seeks to raise BGN 39.6m in a capital increase
IT company Sirma Group Holding seeks to raise BGN 39.6m in a capital increase, the Company announced in a regulatory filing to the Bulgarian Stock Exchange. In order to do so, Sirma will issue rights to all of its existing shareholders in the ratio of 1 right for every ordinary share held. The rights could… Read more
Sirma targets EUR 120 Million of Consolidated Sales Revenue by 2022
Sirma Group Holding published its 2018 – 2022 strategy on 1 February 2018. The Company has set three main goals for the period, namely increase in the expertise and value of the Group, diversification of revenue sources and reaching EUR 120m in revenues in FY2022.
ELANA Trading was ranked Best Broker of the Year 5th year in a row
ELANA Trading was ranked again as Best Broker of the Year in the annual Bulgarian brokers’ ranking of Banker Weekly. This is the 5th year in a row the broker is selected the best in the industry and in total for this ranking the company was rated for sixth time. 2017 in numbers In 10… Read more
Korado Bulgaria will work with ELANA Trading as market-maker
Bulgarian Stock Exchange Board confirmed registration of ELANA Trading as market maker of Korado Bulgaria. 12 October 2017 is the official start of the market makers activity. The terms are maintaining maximum range of the deviation in terms of a percentage between the prices of the bid and ask quotes (spread): 5%. Minimum value of… Read more
New research report: Sirma Group Holding – stepping up sales, R&D and streamlining
Sirma Group Holding missed FY2016 guidance but outperformed ELANA Trading analysts’ expectation. Growth accelerated in H2’16 allowing the Group to sustain sales performance above 20% y/y. Тop line expanded 22% y/y to BGN 41.5m as US sales advanced well together with strong domestic performance. Q3’16 was best in history followed by a strong Q4. Bottom… Read more
Sirma Group Holding presented 5-year forecast and US business development to investors
Sirma Group Holding (SKK BU) discussing new leaner structure and cloud, data and cognitive tech solutions as strategic areas of development – the Company announced that has been having meetings with key institutional investors in Bulgaria over the last two weeks discussing its new five year strategy post the 2015 IPO. Sirma Group Holding streamlining… Read more
Sirma net income 2016 surges 45%
IT developer Sirma Group Holding (SKK BU) posts 22.4% y/y rise in sales for FY 2016, according the Company’s consolidated financial statements. Sirma net income surges 45% y/y to BGN 2.4m. The Company met EBITDA guidance with 31% y/y rise to BGN 12.7m. FY 2016 missed management guidance for a 25% y/y rise in sales… Read more
