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Gradus plans BGN 100m IPO on the Bulgarian Stock Exchange
Leading Bulgarian poultry producer Gradus plans BGN 100m IPO in Sofia, local newspaper Capital reported based on information from the company. The IPO is expected in mid2018.
ELANA Agrocredit to vote on a BGN 0.086 dividend per share yielding 6.4% at current quotes
ELANA Agrocredit to pay BGN 0.086 dividend per share, yielding 6.4% at current quotes, the Company announced in a regulatory filing of its annual shareholders meeting scheduled for March 15th, 2018.
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.
Korado Bulgaria with spectacular 81% growth in net profit for 2017
Radiators producer Korado Bulgaria reported a 30% y/y increase in revenue to BGN 42.3m and a spectacular 81.4% y/y growth in net profit to BGN 5.3m, as the Company published in its Q4’17 financial statements.
ELANA Agrocredit reported 50% increase of working capital loans in farming 2017/2018
ELANA Agrocredit lent a total of BGN 8.7m as working capital loans for farmers with leasing contracts, during the farming business year 2017/2018, marking an increase of 50% y/y, the company announced in its bulletin for December 2017.
Monbat placed EUR 28m convertible bond
Leading lead-acid car batteries producer Monbat placed EUR 28m convertible bond, the Company announced in a regulatory statement. The bond ‘s term is 84 months and will pay out a semi-annual 6M Euribor + 3% interest, but min. 3% annually.
Annual award by Bulgarian Stock Exchange for ELANA Trading for the 17th year in a row
ELANA Trading was awarded for contributing to the capital market by number of deals made in 2017 at the annual ceremony of the Bulgarian Stock Exchange recognizing the achievements of local brokers.
Sopharma Trading plans further diversification and dynamic growth for the next three years
Sopharma Trading plans to diversify its business model and expand its market shares, the company’s CEO Dimitar Dimitrov announced in an interview in Bulgarian media Investor.bg.
Sopharma posted 13% y/y rise in top line for FY2017
The leading pharma producer Sopharma posted 13% y/y growth of its revenues for FY2017, the Company announced in its regular monthly bulletin. Overall for 2017, the group increased its domestic sales by 3% and its export advanced by 21% y/y as Russian and Ukrainian markets began to recover.
Monbat proceeds promptly with optimization
Monbat’s Board of Directors approved a non-cash recapitalization of the LED lightning manufacturer Octa Light, according to a regulatory filing by the Company.
