Mar. 3, 2011 - Bulgarian mining company Kaolin reported very low loss for the fourth quarter of 2010 and finished the year with 55% increase as compared to the total 2009. The reported quarterly loss was BGN 26 thousands and it is significant improvement as compared to the seasonally weak quarter of the previous two years.
Revenues for the last quarter fell 2.7% but the strong improvement during the first half of the year supported 13.6% growth of total sales in 2010. We expect that revenues will continue to increase in slower pace this year as recovery in construction industry stalled.
Revenues for the last quarter fell 2.7% but the strong improvement during the first half of the year supported 13.6% growth of total sales in 2010. We expect that revenues will continue to increase in slower pace this year as recovery in construction industry stalled.
