Sep. 1, 2010 - Kaolin just placed its 1H 2010 consolidated financial report. The net profit of the company improved by 8% on yearly basis to BGN 4.3 million as compared to BGN 4 million for the same period last year.
The sales of the company increased to BGN 69.6 million or by 26% on yearly basis. The net effect from exchange rates is BGN 704 000 as compared to net loss of BGN 114 000 for the 1H 2009.
The long-term bank loans stayed unchanged since the beginning of the year, whereas the short term loans improved by 18% y-o-y.
The shareholder structure of the holding remained unchanged y-o-y. The majority owners of Kaolin - Alfa Finance Holding (67.85%) and Mauve Clover (10.21%) already replaced part of their shares for shares of Solarpro. August, 31 is the last date for the replacement. There is no deal with the position so far.
The sales of the company increased to BGN 69.6 million or by 26% on yearly basis. The net effect from exchange rates is BGN 704 000 as compared to net loss of BGN 114 000 for the 1H 2009.
The long-term bank loans stayed unchanged since the beginning of the year, whereas the short term loans improved by 18% y-o-y.
The shareholder structure of the holding remained unchanged y-o-y. The majority owners of Kaolin - Alfa Finance Holding (67.85%) and Mauve Clover (10.21%) already replaced part of their shares for shares of Solarpro. August, 31 is the last date for the replacement. There is no deal with the position so far.
