trending Market Intelligence /marketintelligence/en/news-insights/trending/_baxFTKR_oGkfnHP31_CEA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Zaharni Zavodi Q2 profit climbs YOY


ESG hits the mainstream for European private equity sponsors


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


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Zaharni Zavodi Q2 profit climbs YOY

Zaharni Zavodi AD said its normalized net income for the second quarter came to 11 stotinki per share, a gain from 4 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, a gain from 398,130 leva in the prior-year period.

The normalized profit margin rose to 3.1% from 1.3% in the year-earlier period.

Total revenue climbed 23.8% year over year to 37.5 million leva from 30.3 million leva, and total operating expenses rose 20.0% on an annual basis to 35.0 million leva from 29.1 million leva.

Reported net income grew from the prior-year period to 1.9 million leva, or 17 stotinki per share, from 642,000 leva, or 6 stotinki per share.

As of Aug. 25, US$1 was equivalent to 1.73 leva.