trending Market Intelligence /marketintelligence/en/news-insights/trending/G71PBotSOOLDk6yxu9lqzg2 content esgSubNav
In This List

Slantse Stara Zagora Tabac Q2 loss widens YOY


Gold - Geopolitical tensions and inflation remain key drivers


Lithium and Cobalt - Softer demand weighs on prices


Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Slantse Stara Zagora Tabac Q2 loss widens YOY

Slantse Stara Zagora Tabac AD said its second-quarter normalized net income was a loss of 12 stotinki per share, compared with a loss of 5 stotinki per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 145,000 leva, compared with a loss of 56,250 leva in the year-earlier period.

The normalized profit margin declined to negative 8.9% from negative 3.3% in the year-earlier period.

Total revenue declined year over year to 1.6 million leva from 1.7 million leva, and total operating expenses came to 1.7 million leva, compared with 1.7 million leva in the prior-year period.

Reported net income came to a loss of 233,000 leva, or a loss of 20 stotinki per share, compared to a loss of 90,000 leva, or a loss of 8 stotinki per share, in the year-earlier period.

As of Aug. 18, US$1 was equivalent to 1.73 leva.