Sopharma Trading boosted its standalone revenue by 8.2% y/y to BGN 352m and expanded bottom line by 13% y/y to BGN 8.1m in H1 2018, according to the Company’s interim financial statements. The top line expansion is a result of increase in all revenue streams of the Company.
Radiators producer Korado net profit boosted 20% y/y to BGN 3.2m in H1’18, according to the Company’s latest financial statements. Korado managed to deliver an exceptionally good result despite the 4.4% y/y decrease in the top line which dropped to BGN 20.6m.
In June 2018 ELANA Agrocredit invested in purchase of 700 dca (70 ha) farmland as making financial leasing contracts with farmers, the company announced in its monthly newsletter for investors. The deals amounted at BGN 729 510. That added to a total of BGN 6 033 000 investment in H1 2018.
Courier services company Speedy shareholders voted BGN 1.20 DPS at the Company’s general shareholders’ meeting held on 26th June, 2018. Speedy will distribute BGN 6.5m of its BGN 8.4m FY2017 net profit. The dividend yields 3% at current quotes.
Batteries producer Monbat shareholders voted BGN 0.19 DPS at the shareholders’ meeting held on 25th June, 2018, the Company announced in a filing to the Bulgarian Stock Exchange. The dividend yields 2.3% at current quotes.
Poultry producer Gradus raised BGN 81.4m from its IPO, the latter being the second largest IPO on the Bulgarian stock market. Gradus placed 45.22 million shares at BGN 1.80 per share raising BGN 79.1m during its IPO auction that took place on 18th and 19th June.
The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.
Bulgaria’s only steel panel radiator producer Korado delivered good results in Q1’18 as top and bottom lines showed high growth despite surging material costs. The quarter saw fewer sales at higher prices which drove revenues up, further expanding margins.
bg
