SOFIX reaches 8.4 year high

Bulgarian Stock Exchange blue-chips index SOFIX reaches 8.4 year high closing at 624.91 on March 10, 2017. This is 2.4 times above the February 2009 low for the period and 1.25x above the low at the end of October 2008. The index has still way to go to reach its all-time high of 1934.45 points… Read more





Monbat

Monbat forecasts double EBITDA by 2021

The leading lead-acid car batteries producer in Bulgaria – Monbat (5MB BU), aims to double EBITDA by 2021 on volumes, new technology and business diversification, according to the Company’s 2017 2021 Development Plan, published on the stock exchange. Monbat forecasts av. 10% annual revenue expansion Average volume growth for the forecasted period is expected at… Read more


Financial Supervision Commission

Financial Supervision Commission proposes introduction of semiannual dividends

Bulgarian Stock Exchange-listed to pay semiannual dividends, according to latest statutory changes proposed by the Financial Supervision Commission. The changes to the Public Offering of Securities Act have been published for public consultation. They entail listed companies to be able to distribute semiannual dividends if the latter has been stipulated in the company’s incorporation documents… Read more


Allterco

Allterco booked 51% net income rise for 2016

Mobile value added service provider and IoT Allterco (A4L BU) booked 51% y/y rise in FY2016 net profit despite a loss in 4Q16, according to the Company’s consolidated financial statements. IoT operations delivered BGN 3.7m in revenues in the first year of operations while mobile value added services added 2.9% y/y to BGN 29m in… Read more