Net Profit of Publicly Traded Companies Down by BGN 206 M in 2014Business | May 4, 2015, Monday // 10:16| views
Photo by BGNES
At the end of 2014, publicly traded companies in Bulgaria registered a net profit of BGN 147.286 M, according to summary data from the regular survey of the annual financial results of the companies whose shares are traded on the Bulgarian Stock Exchange (BSE-Sofia).
The analysis is based on 287 financial reports, according to data of BSE-Sofia, as cited by money.bg.
Among the companies which supply their financial reports regularly, some 15 companies have failed to submit data, including fuel retailer Petrol AD, construction company Enemona AD, two units of power distributor Energo-Pro: Energo-Pro Sales AD and Energo-Pro Grid AD, industrial machinery manufacturer Besttechnica TM-Radomir, real estate investment trust City Development REIT, etc.
Compared to the financial year 2013, the net profit fell by nearly BGN 206 M, or 58.26%.
At the end of 2014, a total of 149 companies reported a profit amounting to a total of BGN 365.06 M.
At the end of 2013, a total of 151 companies reported a profit.
The total profit dropped by BGN 163.409 M, or 30.92%, on an annual basis.
Before the audit, the net profit of publicly traded companies stood at BGN 212.731 M.
At the end of 2014, a total of 157 companies reported a negative financial result, down by 6 from 2013.
The total amount of the losses incurred by them stood at BGN 217.774 M, up by BGN 42.191 M, or 24.03%.
At the end of 2014, publicly traded companies reported net receipts from sales of BGN 6.058 B, down by 2.26% from 2013.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!