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WEEKLY BULLETIN
August 01 - 05, 2011
Bulgarian pharmaceuticals producer Sopharma reported about 1% rise of its H1 2011 net profit to BGN 24.8 mn. Total sales grew with 7.6% year-on-year to BGN 109.4 mn, boosted by rising export, which increased by 12%. Domestic marked sales climbed by 2% in the period.
British American Tobacco (BAT) pulled out its offer for the purchase of Bulgarian tobacco monopoly Bulgartabac - Holding AD, citing market and strategic reasons. After BAT's withdrawal the sole candidate for the holding company is Austria-registered BT Invest. The other candidate CB Family Office Services pulled out about two weeks ago. Bulgarian Privatization Agency will decide weather to pursue with the tender after it reviews offer of BT Invest, which represents Russian investment bank VTB Capital, part of Russian financial group VTB.
Industrial minerals producer Kaolin scored 37% bigger net profit on the year basis to consolidated BGN 5.9 mn in the first half of 2011. Sales rose with 18% to BGN 81.8 mn. Stronger sales were boosted by the industrial products for the ceramics, paper and foundry industry.
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