bg
SOFIX down 11.8% in 2015 but fundament is catalyst for some stocks
The leading index on the Bulgarian Stock Exchange, SOFIX, recorded first annual decline since the euro crisis in 2011 with – 11.8% in 2015.
161 new customers within 9 months reported Sirma at online Investor Day
Implementation of large-scale projects in the public sector, finance and healthcare contributed most to the 11.7% revenue growth in Q3 results, reported Tzvetan Alexiev, CEO of Sirma Group Holding at an online Investor Day held on 17th December 2015.
Pharmaceutical wholesaler Sopharma Trading – profitable Q3 and new pockets of growth
Leading Bulgarian pharmaceutical wholesaler Sopharma Trading delivered excellent 9M 2015 results despite challenging environment, in a very competitive market.
Sales were up 5% y/y to BGN 449.3 m.
Bulgarian farm land prices poised to grow, land rents to be up 5%
Bulgarian farm land prices will continue to grow, 5-10% y/y rise in 2016, while rents will stabilize or be up by no more than 5%.
Bulgarian banks profitability up 34.7% y/y
Bulgarian banks report a 34.7% y/y net profit rise to BGN 906.5 m for the 10M 2014. Total assets of the banking system remain at BGN 85.5 b while the share of the top 5 banks by assets increase from 56.7% to 57.2%.
Best Bulgarian Broker Award 2015 for ELANA Trading
Radoslava Maslarska, CEO of ELANA Trading, accepted the Best Bulgarian Broker 2015 from Asen Yagodin, Chairman of the Board of the Bulgarian Stock Exchange. ELANA Trading receives the national prize a third year in a row and for a 4th time since 2010.
Leading SEE battery producer Monbat sales rise 22% in Q3 2015
Leading battery producer Monbat (5MB BU) consolidated sales went up 22% q/q in Q3’2015, according to latest consolidated financial results posted by the company. However, profitability decreased substantially as LME prices kept their significant downward trend over the summer months and recycling was not able to adjust material costs. Sliding profit margins Accordingly, Monbat EBITDA… Read more
Sirma posts 11.7% y/y sales growth for 9M 2015
The largest Bulgarian IT developer Sirma Group Holding posted BGN 21.9m sales revenue in Q3 2015 report, which showed 11.7% y/y.
6% rise for Sirma Group Holding shares on the first trading day
Sirma Group Holding started trading on the Bulgarian Stock Exchange on 23rd November 2015 with a 6% rise above IPO price during the first hours of trading.
Sirma Group Holding opens for trading on 23 November
Sirma Group Holding starts secondary trading on Monday, November 23rd with a SKK ticker, the Bulgarian Stock Exchange announced. The largest Bulgarian IT company raised BGN 11.5m in an IPO in mid-Sept to mid-Oct to fund US expansion and boost sales and marketing channels. It attracted 300+ new investors both institutional and retail. Retail demand… Read more
