Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgarian Tobacco Company Registers Huge Profit Increase
BULGARIAN TOBACCO COMPANY REGISTERS HUGE PROFIT INCREASE
Date: 30/08/2010
Source: novinite.com
Bulgarian Tobacco Company Registers Huge Profit Increase

Bulgartabac, Bulgaria's state tobacco company, has registered a 165.93% increase in net profit for the first half of 2010 in comparison with the same period last year.

Bulgartabac's financial statements attribute that to considerable increase in exports and optimization of costs.

Net profits for the first half of 2010 amount to BGN 7.5 M, with more than five-sixths of the production going for exports.

Exports have increased 56% in volume and about 80% in terms of revenue.

Sales for the first half of 2010 total 6736 B cigarettes at BGN 123 M.

The company's market share has shrunk to 36% from 50% in 2009 and 90% in 2007.

Bulgartabac's financial resources have grown with about 14% for the period.

In 2009 Bulgartabac offloaded itself from two cigarette factories, in Plovdiv and Stara Zagora, and retains two more production facilities, in Blagoevgrad and Sofia.

The company, which holds monopoly to cigarette production in Bulgaria, has long been under a privatization procedure, but this has been marred by controversy and a sale has constantly been failing to transpire. The present government has vowed to finalize Bulgartabac's sale.


Topic: Business



Featured District
VARNA DISTRICT AND CITY INFORMATIONVarna
Invest Bulgaria Charts
Private Sector External Debt of Bulgaria
Private Sector External Debt of Bulgaria

Net Foreign Assets of Bulgaria
Net Foreign Assets of Bulgaria

See all charts
Did You Know?
Nazdrave
Nazdrave
Making a toast when drinking liquor is de rigeur. When toasting, raise your glass and lightly clink ... More

Only 116 km away from Sofia, at an altitude of 370 m - the town of Vratza is one of the most picturesque cities in Bulgaria. Nestling in the foothills of

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members