trending Market Intelligence /marketintelligence/en/news-insights/trending/BAjS5X6ReZhwqFyhTa8ZBQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Zaharni Zavodi swings to profit in Q1

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 3: Transformation of Customer Experience in 2020


Zaharni Zavodi swings to profit in Q1

Zaharni Zavodi AD said its first-quarter normalized net income came to 10 stotinki per share, compared with a loss of 6 stotinki per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.2 million leva, compared with a loss of 671,880 leva in the year-earlier period.

The normalized profit margin rose to 4.3% from negative 2.5% in the year-earlier period.

Total revenue totaled 27.0 million leva, compared with 27.0 million leva in the prior-year period, and total operating expenses decreased 10.8% year over year to 24.5 million leva from 27.5 million leva.

Reported net income totaled 1.8 million leva, or 17 stotinki per share, compared to a loss of 1.1 million leva, or a loss of 10 stotinki per share, in the prior-year period.

As of May 21, US$1 was equivalent to 1.76 leva.