bg
Investment in new energy technologies to drive Monbat growth
With 27% CAGR of revenue and 16% average EBITDA margin over the last 10 years, Monbat outperforms the global automotive battery market .
Sirma Group opens an office in New York to speed up US expansion
Sirma Group Holding (SKK BU) opens US headquarters in New York to speed up US expansion, according to a statement by the company. Sales expansion in North America has been among key goals of Sirma to be accomplished with the BGN 11.4m raised in an Initial Public Offering in Sofia in Sept. 2015. The company… Read more
Advance Terrafund REIT provisions a BGN 0.092 DPS
Biggest farm land REIT in Bulgaria, Advance Terrafund (6A6 BU, books a BGN 7.9m dividend provision, according to audited FY 2015 financial statements.
ELANA AgroCredit to double size by end-2017
With 11% return since inception, ELANA AgroCredit reaps the profits from its lean business model of financing land-hungry farmers for arable land acquisition. In the new corporate profile of ELANA AgroCredit, analysts of ELANA Trading comment the company will perform as a bond-like investment getting steady, predictable profits from the ongoing land appreciation in Bulgaria, encouraged by EU funding for the sector.
Bulgartabac Holding to cease sales to the Middle East
Bulgartabac Holding (57B BU), the biggest cigarette producer in Bulgaria, to cease sales to the Middle East from April 1st 2016, the company unexpectedly announced in a statement.
Stara planina hold doubles dividend
Stara planina hold (5SR BU) raises payout ratio and doubles proposed dividend per share for 2015, according to a filing with the Bulgarian Stock Exchange.
Sirma Group Holding expects 100% y/y rise in net profit in 2016
The leading IT developer Sirma Group Holding (SKK BU) expects 25% y/y rise in consolidated sales and 100% y/y rise in net profit in 2016, the company’s CEO Tsvetan Alexiev said in an online webinar with investors.
Bulgaria GDP grew 3% in 2015, highest since 2008
Bulgarian economy expanded 3% y/y in 2015 to BGN 86.4bn (EUR 44.2bn), highest since 2008 according to preliminary data by the National Statistics Institute.
Bulgarian BGREIT index outperforms the region
The real estate focused BGREIT Index outperforms all key regional blue chip indexes over the last 12 months, the relative comparison between them shows. BGREIT tracks seven of the biggest and most liquid REITs on the Bulgarian Stock Exchange, including land REIT Advance Terrafund (6A6 BU) and Bulgarian Real Estate Fund REIT (5BU BU) that… Read more
Sirma Group Holding posts 21.9% consolidated revenue growth
Leading software group Sirma Group Holding (SKK BU) posted 21.9% y/y cons revenue growth, while normalized net income is down 45%, according to preliminary consolidated Q4 2015 results.
